As suppliers play a critical role in a company’s success, it is imperative for organisations to choose suppliers who best meet their needs and align with their values. Selecting the right suppliers can increase profits and boost efficiency while minimising financial risks.
At Procurement Resource, we follow an all-inclusive methodology that delivers valuable insights regarding the different facets of a supplier’s business. We identify, map, analyse and benchmark suppliers, their margins and performance. Adapting Carter’s 10 Cs model according to our clients’ needs, we analyse the following aspects of potential suppliers:
Evaluating these elements gives a broad understanding of a supplier’s effectiveness, ability to deliver, production capacity, technical capabilities, quality of management, etc. This assists our clients in identifying the suppliers best-suited to their needs while avoiding risks.
The major sub-categories covered under our supplier analysis services include:
- Supplier Identification
- Supply Chain
- Supplier Mapping
- Supplier Performance
- Supplier Margins
- Price Analysis and Benchmarking