The activities associated with discovering, evaluating and selecting potential suppliers. For each potential supplier a supplier profile is developed to enable data-driven decisions. This may include benchmarking suppliers and pre-qualifying selected potential suppliers. Selected potential suppliers are invited to participate in the Tendering and/or Negotiation processes.
Sources of potential suppliers include:
- Company supplier records - current and past suppliers
- Industry organizations, registers and directories
- Catalogs, internet and trade journals
- Internal suppliers (vertical integration)
Depending on strategic importance, value of purchase and complexity, supplier selection and pre-qualification may include analysis of:
- Financial risks - Liquidity, Profitability, Long-term financial strength
- Operational risks - Resilience, Contingency planning
- Delivery performance - Lead time, Quality, On-time
- Capacity and flexibility
- People risks - Management, key staff and skills retention
- Diversity and ethical considerations
Other emerging or industry-specific areas of analysis include: Environmental, single vs. multi-sourcing, capacity share.
Denied Party List
Pre-Qualification Questionnaire
Hierarchy
| ID | Name | Level | x | | S0 | Strategic Sourcing | 2 | S0 |
| S004 | Identify Supply Sources | 3 | S004 |
Term(s)
| ID | Name | Clear | x | | DPL | Denied Party List | | DPL |
| PQQ | Pre-Qualification Questionnaire | | PQQ |
Workflow
Note: Common inputs and outputs are listed in alphabetical order. Other inputs and outputs may be required to support varying use cases.Identify Supply Sources Strategic Sourcing 5200400 3 {{{keywords}}} {{{description}}}