How do you evaluate and select new suppliers based on lean and agile criteria?
Lean and agile supplier management is a strategic approach to ensure that your suppliers can deliver high-quality products and services, respond to changing customer demands, and reduce waste and costs. However, finding and selecting the right suppliers for your business requires careful evaluation and alignment of their capabilities, culture, and performance with your goals and standards. In this article, you will learn how to evaluate and select new suppliers based on lean and agile criteria, using a four-step process that involves:
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Define your needs upfront:Clearly outline technical specs, quality standards, and performance indicators. This ensures suppliers understand your expectations and align their capabilities with your goals.### *Conduct thorough market research:Use industry databases and online platforms to identify potential suppliers with lean and agile practices. Evaluate them through SWOT analysis and site visits to ensure they meet your criteria.