Unit 4 Assignment
13103Supplier Selection Process
The supply selection process is a critical component of effective supply chain management and procurement strategy. It involves evaluating and choosing suppliers based on a set of predefined criteria that align with an organization’s goals, quality standards, and budgetary constraints.
Consider the following important topics you have studied and incorporate them into your written assignment. They are as follows:
Vendor Management
Discuss the pros and cons of sole, single, and multiple sourcing and the various risks associated with each of these buying strategies.
Supply Management
Some supply management experts argue that suppliers should not receive rewards for doing something that is already expected (e.g., continuously improving quality). Do you agree with this position? What are some common examples of rewards that a supplier might expect to receive?
Supplier Selection Process
Conduct research on the resources and time needed to evaluate suppliers before making a supplier selection decision. Summarize the various sources of information buyers can utilize when seeking potential sources of supply.
Complete your work in an APA style paper, including:
APA Cover Page
APA Content with Indented Paragraphs (3 Full Pages)
APA Reference Page
APA Formatted Citations (3 References Minimum)
Course outcomes assessed in this unit:
MT436-5: Apply analytical methods to the supplier selection process.
GEL-4.03: Understand patterns of human behavior based upon real world observation.
GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.
This assignment will be submitted to Turnitin
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