Supplier

Selection Process
Hello!
I am Vikram Mali
I am here for the presentation on
the topic Supplier selection
process

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Supplier Selection

DEFINITION
Supplier selection is the process by which firms identify, evaluate, and contract with suppliers. The
supplier selection process deploys an enormous amount of a firm’s financial resources and plays crucial
role for the success of any organization.

OBJECTIVE
The main objective of supplier selection process is to reduce purchase risk, maximize overall value to the
purchaser, and develop closeness and long-term relationships between buyers and suppliers.

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Supplier Selection

DEFINITION
Suppliers are an integral part of any business, especially manufacturing. Supplier selection is the process
of finding the right supplier for your business. It encompasses all the steps taken to find, select, and work
with a supplier.

Supplier selection is an essential part of making your product successful. The key to selecting the best
suppliers is understanding what you need from them.

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“A well trained procurement
organization can add major
dollars to the organization
through cost savings.

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Supplier selection: Narrowing the field to find the perfect
fit

╸ When it comes to protecting your business from risk and enabling growth, supplier selection
is one of the most important responsibilities of the procurement department. Indeed, the
suppliers and vendors your business partners with are directly linked to the success or failure
of your business.
╸ In the current landscape, technology removes barriers and makes finding and connecting
with new suppliers easier than ever. As a result, there are dozens, if not hundreds, of possible
suppliers for nearly every business need.
╸ The supplier selection process enables procurement professionals to discover, qualify,
evaluate and select potential partners. In this blog, I’ll define supplier selection, clarify the
use of supplier vs. vendor and offer an example of why supplier selection is so important.
Then, I’ll walk through each of the steps of the supplier selection process.

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 Factors to consider
╸ What are your end goals?
╸ Who will you be partnering with?
╸ How does this affect your supply chain?
╸ What do you need from the supplier?
╸ How can they help you achieve those needs?
╸ What kind of relationship do you want to build
with the supplier?
╸ Are there any potential risks that could arise?
╸ A well-designed supplier selection process will
ensure the right products and services are delivered
at the right price, on time, and according to
specification.

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Supplier Selection
Stages

Supplier Selection Scorecard Insert your content

Insert your content

Identify Suitable Suppliers

Scorecard Ranking Insert your content

Negotiate Insert your content

Create Insert your content

Contract

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1 Supplier Selection Scorecard
Let’s start with the first set of slides
2 Identify Suitable Suppliers
For Business Plans, Marketing Plans, Project Proposals, Lessons, etc
3 Scorecard Ranking
For Business Plans, Marketing Plans, Project Proposals, Lessons, etc
4 Negotiate
For Business Plans, Marketing Plans, Project Proposals, Lessons, etc
5 Create Contract
For Business Plans, Marketing Plans, Project Proposals, Lessons, etc
This is a slide title

╸ Here you have a list of items

╸ And some text
╸ But remember not to overload your slides
with content
Your audience will listen to you or read the
content, but won’t do both.

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You can also split your
content
White
Is the color of milk and fresh
snow, the color produced by the
combination of all the colors of
the visible spectrum.
Black
Is the color of ebony and of outer
space. It has been the symbolic
color of elegance, solemnity and
authority.
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In two or three columns
Yellow
Is the color of gold, butter
and ripe lemons. In the
spectrum of visible light,
yellow is found between
green and orange.
Blue
Is the colour of the clear
sky and the deep sea. It is
located between violet and
green on the optical
spectrum.
Red
Is the color of blood, and
because of this it has
historically been
associated with sacrifice,
danger and courage.
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A picture is worth a
thousand words
A complex idea can be conveyed
with just a single still image,
namely making it possible to
absorb large amounts of data
quickly.

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Use diagrams to
explain your ideas

Lorem Ipsum

Lorem Ipsum Lorem Ipsum

Lorem Ipsum Lorem Ipsum Lorem Ipsum Lorem Ipsum

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And tables to compare
data

A B C

Yellow 10 20 7

Blue 30 15 10

Orange 5 24 16

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Maps

our office

Find more maps at slidescarnival.com/extra-free-resources-icons-and-maps

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89,526,124
Whoa! That’s a big number, aren’t you proud?

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89,526,124$
That’s a lot of money

185,244 users
And a lot of users

100%
Total success!

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 Let’s review some
concepts

Yellow Blue Red

Is the color of gold, butter and ripe Is the colour of the clear sky and the Is the color of blood, and because of
lemons. In the spectrum of visible deep sea. It is located between violet this it has historically been associated
light, yellow is found between green and green on the optical spectrum. with sacrifice, danger and courage.
and orange.

Blue Yellow Red

Is the colour of the
Is the
clear
color
skyofand
gold,
the butter and ripe Is the color of blood, and because of
deep sea. It is located
lemons.between
In the violet
spectrum of visible this it has historically been associated
and green on thelight,
optical
yellow
spectrum.
is found between green with sacrifice, danger and courage.
and orange.

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You can insert graphs from Excel or Google Sheets 25
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Thanks!
You can find me at:
╸ @username
╸ user@mail.me

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Timeline

Yellow is the color of

Blue is the colour of the Red is the colour of Black is the color of gold, butter and ripe White is the color of milk Blue is the colour of the
clear sky and the deep sea danger and courage ebony and of outer space lemons and fresh snow clear sky and the deep sea

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Yellow is the color of White is the color of milk Blue is the colour of the Red is the colour of Black is the color of Yellow is the color of
gold, butter and ripe and fresh snow clear sky and the deep sea danger and courage ebony and of outer space gold, butter and ripe
lemons lemons

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Roadmap

Blue is the colour of the Red is the colour of danger Black is the color of ebony
clear sky and the deep sea and courage and of outer space

1 3 5

2 4 6

Yellow is the color of gold, White is the color of milk Blue is the colour of the
butter and ripe lemons and fresh snow clear sky and the deep sea

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Gantt chart

Week 1 Week 2

1 2 3 4 5 6 7 8 9 10 11 12 13 14

Task 1

Task 2 ◆

Task 3

Task 4 ◆

Task 5 ◆

Task 6

Task 7

Task 8

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SWOT Analysis

STRENGTHS WEAKNESSES
Blue is the colour of the clear Yellow is the color of gold,
sky and the deep sea butter and ripe lemons

Black is the color of ebony and White is the color of milk and
of outer space fresh snow
OPPORTUNITIES THREATS

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Business Model Canvas

Key Partners Key Activities Value Propositions Customer Relationships Customer Segments
Insert your content Insert your content Insert your content Insert your content Insert your content

Key Resources Channels

Insert your content Insert your content

Cost Structure Revenue Streams

Insert your content Insert your content

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Weekly Planner
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY

09:00 - 09:45 Task Task Task Task Task Task Task

10:00 - 10:45 Task Task Task Task Task Task Task

11:00 - 11:45 Task Task Task Task Task Task Task

12:00 - 13:15 ✔ Free time ✔ Free time ✔ Free time ✔ Free time ✔ Free time ✔ Free time ✔ Free time

13:30 - 14:15 Task Task Task Task Task Task Task

14:30 - 15:15 Task Task Task Task Task Task Task

15:30 - 16:15 Task Task Task Task Task Task Task

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