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Using the 7 step process for developing a supplier evaluation and selection survey, compare three suppliers of a product/service that you are familiar with (for example an online store where you purchase or have purchased products, local stores where you may shop, or an example of three suppliers for similar products where you work). In MS Excel, create a supplier evaluation survey similar to the one in Exhibit 7.7 with categories, sub-categories, and weights for each one based upon what you consider important in making a decision to purchase from a supplier. Using your evaluation form, rate each of the suppliers for the product/service based upon your observations. Provide your evaluation sheet and your scores in a format like the one presented in Exhibit 7.7. Evaluate the results and make a determination of which supplier you would select and why.

Using the 7 step process for developing a supplier evaluation and selection survey, compare three suppliers of a product/service that you are familiar with (for example an online store where you purchase or have purchased products, local stores where you may shop, or an example of three suppliers for similar products where you work). In MS Excel, create a supplier evaluation survey similar to the one in Exhibit 7.7 with categories, sub-categories, and weights for each one based upon what you consider important in making a decision to purchase from a supplier. Using your evaluation form, rate each of the suppliers for the product/service based upon your observations. Provide your evaluation sheet and your scores in a format like the one presented in Exhibit 7.7. Evaluate the results and make a determination of which supplier you would select and why.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Using the 7 step process for developing a supplier evaluation and selection survey, compare three suppliers of a product/service that you are familiar with (for example an online store where you purchase or have purchased products, local stores where you may shop, or an example of three suppliers for similar products where you work). In MS Excel, create a supplier evaluation survey similar to the one in Exhibit 7.7 with categories, sub-categories, and weights for each one based upon what you consider important in making a decision to purchase from a supplier. Using your evaluation form, rate each of the suppliers for the product/service based upon your observations. Provide your evaluation sheet and your scores in a format like the one presented in Exhibit 7.7. Evaluate the results and make a determination of which supplier you would select and why.

Exhibit 7.4 Key Evaluation Criteria to Be Noted During a Supplier Visit Management capability Total quality management Technical capability Operations and scheduling capability Financial strength Personnel relations E-systems capabilities Technological sophistication and efficiency of the equipment ISO certifications Caliber of the supervision and inspection personnel Evidence of good management and housekeeping practices Types of inventory systems • Nature of the receiving, storeroom, and shipping areas Quality control philosophy Environmental practices Representation of white- and blue-collar stafts Employee contract expiration dates • Names and contact information of key decision makers
Transcribed Image Text:Exhibit 7.4 Key Evaluation Criteria to Be Noted During a Supplier Visit Management capability Total quality management Technical capability Operations and scheduling capability Financial strength Personnel relations E-systems capabilities Technological sophistication and efficiency of the equipment ISO certifications Caliber of the supervision and inspection personnel Evidence of good management and housekeeping practices Types of inventory systems • Nature of the receiving, storeroom, and shipping areas Quality control philosophy Environmental practices Representation of white- and blue-collar stafts Employee contract expiration dates • Names and contact information of key decision makers
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