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Kloppenborg et al. (2018:435) lists the following approaches and analysis that can be used to generate a list of potential suppliers that will be engaged
Kloppenborg et al. (2018:435) lists the following approaches and analysis that can be used to generate a list of potential suppliers that will be engaged for procurement purposes:
- Supplier surveys that provide sufficient knowledge of the supplier to make a decision to include or exclude the firm from further consideration.
- Financial condition analysis that reveals whether a supplier is clearly incapable of performing satisfactorily.
- Third-party evaluators such as Dun and Bradstreet that can be hired for obtaining relevant information.
- Facility visits to allow the project team to obtain first-hand information concerning the adequacy of the firm's technological capabilities, manufacturing or distribution capabilities, and managerial orientation.
- Quality ability analysis that examines the potential supplier's quality capability.
- Delivery ability analysis that estimates the supplier's capability to deliver the required product or services on time; backup solutions can also be considered.
Kindly assist in providing information on how each of the above approaches works.
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