5 Steps to Supplier Selection

Systematic 5 Step Process

Why is it that we keep reading more and more articles about companies failing due to their supplier selection process?

Let’s discuss the 5 steps you should take in order to make the correct decisions in supplier selection.

Keep in mind:

• An important input to the supplier selection process are the guidelines for the types of suppliers you want. These guidelines are impacted by your Sourcing Strategy; which we explored in What is Strategic Sourcing? and Putting Strategy into Strategic Sourcing.
• The output of the supplier selection process is creating your first order for that lucky supplier. You will then move into the Relationship Management phase, which will be covered in a future article.

Learn more about the 5 steps in the rest of the article at: 5 Steps to Supplier Selection.