The Challenge
Manufacturing company lacking formal supplier selection process, making sourcing decisions based on price alone without considering quality, lead time, and risk factors.
Our Approach
- Designed multi-criteria supplier evaluation framework
- Developed weighted scoring model for supplier assessment
- Created supplier qualification checklist and documentation templates
- Built interactive HTML-based supplier selection tool
- Established supplier performance monitoring system
- Provided training on framework usage and implementation
Analytical Methods Used
Multi-Criteria Decision Analysis (MCDA)
Weighted Scoring Model
Supplier Risk Assessment
Total Cost of Ownership (TCO)
Performance Scorecard Development
Cost-Quality-Lead Time Trade-off Analysis
Key Outcomes & Results
- Implemented comprehensive supplier evaluation process
- Reduced supplier-related quality issues by 35%
- Improved on-time delivery performance through better supplier selection
- Established transparent supplier relationship management
- Created reusable tool for ongoing supplier assessments