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Course Description

The decision made at the supplier selection stage impacts the entire procurement process and is crucial to your company's success. Taking the time to identify the specific criteria and requirements that your company needs from a supplier ensures that you're paving the way for a successful relationship. In this lesson, you will examine ways to make the supplier selection process more efficient and effective. You will begin with seven steps to determine your requirements and build a pool of potential suppliers who meet those needs. You will note the qualities of a good supplier and evaluate which supplier in your pool best fits the business objectives of your organization. You will discover how the strategic importance of an item impacts the amount of time and resources you should dedicate to finding a supplier for the item. You will also explore the best places to find potential suppliers, including looking to the network of partnerships that you already have.

Benefits to the Learner

  • Identify key sourcing requirements for a supplier selection need at your company
  • Discover ways to make the supplier selection process more efficient and effective
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Type
self-paced (non-instructor led)
Dates
Jun 11, 2022 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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