Effective Supplier Evaluations

User Generated

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Business Finance

Description

Your Supply Chain Manager has assigned you the responsibility of developing a new Supplier Evaluation process for your company. Your company has experienced an unfavorable trend in low productivity as a result of component availability, re-working of product, and increased inventory levels of nonconforming material. Your company cannot seem to effectively measure supplier performance because it doesn't know which metrics to implement that will drive the right changes.

To make matters even more challenging, your company is working to become ISO9001 certified. ISO9001:2008 requires supplier evaluation and data analyses, so this needs to be considered when developing the Supplier Evaluation process.

Identify the top ten supplier performance criteria that you want to use in the evaluation process.

Create a Supplier Evaluation Template that includes the key criteria data that you want to analyze.

Write a 1,050- to 1,400-word proposal that includes:

  • Purpose of a Supplier Evaluation process
  • Example of template with evaluation criteria
  • Implementation plan: include who is responsible for collecting data and how you will determine which suppliers will be measured.
  • Supplier communication plan to inform selected suppliers of this new process
  • Explain how data will be used to drive supplier performance improvements.

Format the paper according to APA standards.

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Explanation & Answer

Attached.

Running Head: EFFECTIVE SUPPLIER EVALUATIONS

Effective Supplier Evaluations
Institution Affiliation
Date:

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EFFECTIVE SUPPLIER EVALUATIONS

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Supply chain management is important for the overall performance of the business. The
supply chain management enables a company to get raw materials from suppliers and distribute
the final products to the consumers. A company must ensure that the supply chain is effective in
order to maintain a good reputation among the consumers. A company should also establish a
good relationship with the suppliers to ensure that they supply the goods ordered without delay.
It is also important for the company to evaluate its supply chain so that its operations continue
running smoothly.
Supplier evaluation process identifies whether the supplier is performing as agreed. The
evaluation is important for the reduction of operating costs where the supply fails to accomplish
the set objective. The evaluation also helps the company to identify the risks associated with the
supply process (Emrouznejad, and Tavana, 2014). The supply may face challenges that may
affect the operations of the business. The evaluation process enables the business to identify the
risks and prepare how to mitigate them so that the normal operations of the business are not
interrupted. Supplier evaluation process also helps the business to reduce chances of receiving
defective products from the supplier. This is because the business is able to constantly remind the
supplier wha...


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