Teaching material on the complex, yet essential topic of “Supplier Selection”.
FYI: more of my old school teaching material. My overhead transparencies from the 90s are NOT available upon request (they are lost). Yes, most of this is still VERY relevant today. Even “AI” agrees. See last 3 pages for list of chat prompts that could facilitate research on supplier selection.
My teaching slide deck:Sime Curkovic on LinkedIn: Yes, most of this is still VERY relevant today.FYI: more of my old school teaching material. My overhead transparencies from the 90s are NOT available upon request…www.linkedin.com
Also at:
https://www.simecurkovic.com/wp-content/uploads/2024/05/SupplierSelection.pdf
Feel free to use as you wish…teaching material on the complex, yet essential topic of “Supplier Selection”.
Why? Comprehensive research on supplier selection in procurement is critical. It helps make informed decisions that align with organizational strategies, ensures high-quality and cost-effective sourcing, and minimizes supply chain RISKS. Note, post-covid, we learned that a VERY large amount of industrial material procurement was being single-sourced, often unknowingly (seriously), posing significant disruptions and underlining the importance of SCM risk mitigation strategies (i.e., SUPPLIER SELECTION).
Great reads for supply chain students (and managers)…
This is a great read if you need an auto industry SCM 101 tutorial: Modeling Total Delivered Cost in the Automotive Industry…
https://lnkd.in/gWi3rKnP
In our program we try to teach SCRM in the context of faculty research streams such as ISO 31000, COSO’s Enterprise Risk Mgmt Framework, FMEA (as a SCRM tool), etc.: https://lnkd.in/gX3BhnjQ
How should orgs use competitive bidding? https://lnkd.in/gS9vCRQ6
Assume a supplier estimates the following costs on an RFQ: https://lnkd.in/gxFBz3_U
ROI & Your Core Competency (i.e., SCM?): https://lnkd.in/euh2rFdU
To stay competitive, companies are forced to outsource commodities & focus on core competency: https://lnkd.in/g-DHtt8X
The primary elements for sourcing a partner: https://lnkd.in/ga2xtDsi
What does it mean to be hollow? Sourcing Strategy matters! https://lnkd.in/gHB-nzeJ
The most reprinted article in HBR: The “Core Competence”: https://lnkd.in/gDsHme-r
You have every legal right to say you want a “cost breakdown” : https://lnkd.in/gygd5bzs
Procurement 101: Explanation on Commodities: https://lnkd.in/g_nEgvhJ
How do companies outsource strategically? https://lnkd.in/gevbRKEq
Advanced Contract Mgmt: https://lnkd.in/gcpHEEvw
How SCM managers “prepare” to negotiate price increases. https://lnkd.in/gVrdpuer
Supplier Cost Breakdowns and How To Negotiate Price Increases: https://lnkd.in/gp5naJxE & https://lnkd.in/gGRaKtVK
https://lnkd.in/gMuhMNf6
https://lnkd.in/gQZ7HfWb
https://lnkd.in/gvCpr6T5
https://lnkd.in/gPVMbWd6
https://lnkd.in/g6qdMvcS
https://lnkd.in/gwFjDfx7
https://lnkd.in/g494sxYr
https://lnkd.in/g6Uxkuby
Break-even calculation:
https://lnkd.in/gDr7DhJx
Note, this was largely designed for consumption by 20 year olds (which means we all stand to benefit from a rehash).
#supplychain #outsourcing #makeorbuy #procurement #riskmanagement
Sourcing Strategy: