Definition of - SMS - Selecting and Managing Suppliers
This CA establishes the buyer and supplier partnership to ensure that quality solutions are delivered to the customer and end user.
Supplier Source Selection (SSS) involves: *Selecting one or more suppliers to deliver the solution *Preparing a solicitation package *Evaluating the supplier's solution and managing selected connections of that solution
Supplier Agreement Management (SAM) involves: *Developing and keeping updated the supplier agreement *Ensuring that the supplier and the buyer perform according to the terms of the supplier agreement
Relationships are the foundation across the entirety of the supply chain system, and contract managers oversee these relationships in a formalized way. Though organizations may agree to terms and conditions within supply chain contracts, relationships between the two parties are still at the core. An Agile contract can help honor these relationships and create better outcomes for all parties involved.
Building and maintaining great supplier relationships is a must if you want to stay competitive in retail. Having healthy relationships with these vendors helps ensure that your shelves are healthily stocked with great products that bring delight to your customers.
In this post, we’ll be exploring how you can create and cultivate strong relationships with your suppliers. From finding the right vendors to crafting mutually-beneficial agreements with them, the pointers below should give you some ideas that you can apply in your supplier management processes.
If you asked a food manufacturer 20 years ago how they selected an ingredient supplier, they would have likely said it was based on price, flavor or the supplier location and preference. However, as government and industry put a stronger emphasis on food safety and quality, evaluating and selecting the right supplier today has become much more critical and complex.
Choosing the right supplier involves much more than scanning a series of price lists. Your choice will depend on a wide range of factors such as value for money, quality, reliability and service. How you weigh up the importance of these different factors will be based on your business' priorities and strategy.
A strategic approach to choosing suppliers can also help you to understand how your own potential customers weigh up their purchasing decisions.
This guide illustrates a step-by-step approach you can follow that should help you make the right choices. It will help you decide what you need in a supplier, identify potential suppliers and choose your supplier.
*Thinking strategically when selecting suppliers *What you should look for in a supplier *Identifying potential suppliers *Drawing up a shortlist of suppliers *Choosing a supplier *Getting the right supplier for your business
There are thousands of business technology tools today. For every need, there is a SaaS solution. With all these options, how do you choose the right technology for your business?
What Factors Should Be Considered When Selecting a Business Tool? What are the main elements to consider when purchasing ready-made software for an organization? There are several, but what it comes down to is profitability. If all seven of the following factors line up, then the software is likely to be a profitable investment. If not, then your organization is better off skipping it.
1. The Need The old saying, “If it ain’t broke, don’t fix it” applies here. It’s wise to be conservative when using funds to implement more technology. Aside from the standard costs of buying the product, there are many others, including the time and other expenses of integration and implementation. While the outcome may be worth the costs, you’ll usually only want to go through the process if there is a real need for improvement.
Two forms of Health Check are offered the Silver Appraisal (SCAMPI B) and Gold Appraisal (SCAMPI A).
Both are led by a Certified CMMI® Lead Appraiser supported by trained Appraisal Team Members.
The primary difference between the two types of Health Check is the level of rigor and the fact that the SCAMPI A Appraisal can provide a Capability Level for each of the PMO Process Area in scope, the results can also be published on the CMMI® Institute PARS Site (Published Appraisal Results) if required.
The key deliverable being a report highlighting strengths and opportunities for improvement. This can optionally be expanded into a comprehensive PMO Improvement Plan the implementation of which can be supported by DEMIX Consultants if required.
If your PMO is not adding the value you expected then perform a DEMIX PMO Health Check to find out why!
To find out more or register interest contact Stephen Woods via the email below: