Difference between revisions of "S004"

Revision as of 03:25, 5 October 2017

The activities associated with discovering, evaluating and selecting potential suppliers. For each potential supplier a supplier profile is developed to enable data-driven decisions. This may include benchmarking suppliers and pre-qualifying selected potential suppliers. Selected potential suppliers are invited to participate in the Tendering and/or Negotiation processes.

Sources of potential suppliers include:

• Company supplier records - current and past suppliers
• Industry organizations, registers and directories
• Catalogs, internet and trade journals
• Internal suppliers (vertical integration)

Depending on strategic importance, value of purchase and complexity, supplier selection and pre-qualification may include analysis of:

• Financial risks - Liquidity, Profitability, Long-term financial strength
• Operational risks - Resilience, Contingency planning
• Delivery performance - Lead time, Quality, On-time
• Capacity and flexibility
• People risks - Management, key staff and skills retention
• Diversity and ethical considerations

Other emerging or industry-specific areas of analysis include: Environmental, single vs. multi-sourcing, capacity share. Denied Party List Pre-Qualification Questionnaire