Supplier Evaluation and Selection-L. Led \& Company The director of supply management at L. Led \& Company has come to you regarding your company's sourcing strategy for a high volume, electronic component that most of your company's products rely on. Many different suppliers have the capability to produce the component. In the past, your firm has used competitive bidding, but has typically relied on three different suppliers. The Suppliers' performance across the four key areas is as follows: The usage is 1,000,000/month. Your Manufacturing/Quality people have estimated that the cost/defect is $5.00. Your stakeholders tend to have clear priorities: Quality is required but budget is the most important criterion. As a matter of fact it is equally important than the three other factors all together. Assignment: 1. Complete a weighted-point supplier evaluation scorecard (view template, scores from 0 to 5) to evaluate these suppliers given the data provided. Please explain how you did assign the weights to each of the four evaluation categories? 2. Recommend a possible sourcing strategy for this item, including the discussion of the critical factors that you should consider when deciding whether to single source or multiple source this item Template: Supplier Evaluation Scorecard