Step 1
Initiate Supplier Management
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Module M1.1
Annual Planning
Supplier Segmentation is an essential activity at the start of the supplier management process. By classifying suppliers into different segments, and getting internal agreement on the segmentation, the correct supplier management approaches can then be taken with each supplier.
Activities
- Identify & shortlist suppliers
- Score suppliers
- Rank and allocate suppliers
- Agree supplier segmentation
- Complete Supplier Risk Ratings
- Agree Supplier risk management approach to be adopted
Key Meetings
Across functional team meeting is an important element of supplier segmentation. During the meeting the suppliers rankings can be agreed and any issues addressed.