Module 2: Supplier Selection and Qualification in Supplier Management
5
What you'll gain from this course
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Interactive modules and knowledge checks
Certificate available upon completion
This module provides a systematic approach to selecting, evaluating, and qualifying suppliers and contractors. It covers the complete supplier lifecycle from initial need identification through ongoing relationship management. The module emphasizes that supplier selection goes far beyond choosing the lowest-cost option, focusing instead on total cost of ownership, long-term partnership success, and comprehensive risk assessment.
By the end of this module, you should be able to:
- Identify triggers that require new supplier introduction or requalification
- Apply systematic criteria for supplier selection using Business Requirement Specifications (BRS) and Request for Information (RFI) processes
- Develop comprehensive User Requirement Specifications that align technical needs with business objectives
- Execute the supplier qualification process, including audits, quality agreements, and risk assessments
- Implement proper change control procedures for supplier introduction and ongoing management
- Establish and maintain Approved Supplier Lists with appropriate documentation and review cycles
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