Category: Supply chain

How do you select the right suppliers?

Selecting suppliers is undoubtedly one of the most challenging tasks organizations contend with.  Between finding, evaluating and selecting suppliers that will meet existing needs with room to grow doesn’t have to be an arduous process.  While requirements do vary greatly depending on industry, company size, demand, etc., the process of supplier selection can be simplified using a general road map that reduces much of the risks and cost. So, how do you select the right suppliers? Evaluate your needs– Where supplier selection and most other things are concerned, planning is key.  Organizations need to carefully evaluate the internal and external factors that …