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Db5
Supplier Evaluation
Supplier evaluation is difficult: A lot of different factors will ultimately determine whether the relationship will be successful. Some of these can be measured quantitatively, and some cannot, which makes evaluation even more complicated. Chapter 9 has examples of both types of factors to be considered.
For this Discussion, use your work experience and suggest one quantitative and one qualitative factor that you think your organization should use to evaluate its suppliers. If your work experience is not suitable, you can also select a well-known company and base the suggestions on their situation. Explain why the factors you select are important determinants of a successful supply relationship.
Reading
GLOBAL SUPPLY NETWORK
You will cover one of the keys to successful supply networks: going global. With ever-growing global competition, companies increasingly rely on expansive networks of dedicated suppliers all over the world in order to meet their business objectives. Worldwide sourcing of raw materials, components, finished goods, and services will continue to increase. Because of this, supply management personnel at all levels must become familiar with the nuances of worldwide sourcing.
Journal
1) Among the concepts you have learned, which do you think is most useful to you or your organization?
2) Which concept(s) caused the most confusion in this unit?
3) Which concept(s) did you wish went into further detail, either because you are interested or because it’s too complex for the coverage it received?
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