Managing suppliers is not a single process for a single function, such as Purchasing or Quality.
Using the data and information within your organization from the purchasing databases to the operations and quality systems, can provide insights into how you spend but also with whom you spend your money and just as important - your time and resources.
By categorizing and segmenting suppliers into meaningful categories, an organization can allocate and prioritize resources and time to those suppliers with the greatest risk or impact to operations.Categorizing suppliers beyond their approval level on your Approved Suppliers List (ASL). Factors such as criticality of the part, process, or service and single or sole source are just a few categories to aid in the overall supplier management process.
This webinar will explore some approaches to categorizing and segmenting suppliers as a means of gaining insights in to your supply base related to risk and opportunities for improvement, internally and with suppliers.
The number of suppliers an organization is working with is expanding at a fast pace. Managing suppliers can be overwhelming as resources, personnel, time, and budgets, are limited.
Categorizing and segmenting suppliers can provide insight into the impact suppliers can have on the organization; opportunities to mitigate and management supply chainrisk as well as its ability to ensure a smooth flow of supply.
Anyone Engaging and Interacting with suppliers: