Supplier Classification and Segmentation
This scope item helps you gain a portfolio-level view of your supplier relationships. It also gives you the transparency to continuously determine the right mix of suppliers, serve your business objectives optimally, and to reduce your overall supply risk. You can classify and segment your suppliers by multiple criteria. This enables you to identify suppliers in a flexible manner, as well as to define and monitor sourcing strategies.
Key Process Steps Covered
- Create classification scorecard for supplier
- Create purchasing categories
- Search suppliers via assigned attributes
Benefits
- Creates a strategic approach to supplier management
- Maximizes value and minimizes supply-based risk
- Supports powerful searches using all strategic attributes as parameters
- Enables you to do multiple classifications per supplier using flexible dimensions, for example factory, category, region
- Provides analysis needed to identify valuable suppliers