Analyze and Shortlist Top Suppliers

Overview

Transition from subjective supplier evaluations to a strategic, data-driven approach with Analyze and Shortlist Top Suppliers. This intermediate course is designed for procurement professionals, supply chain managers, and business analysts who need to make objective, defensible sourcing decisions. You will master the development and application of a weighted-scoring model, a powerful tool for translating complex business priorities—like quality, cost, and ESG performance—into a clear, quantifiable framework. Through expert-led videos, engaging role-play dialogues, and hands-on practice assignments, you will learn to identify critical evaluation criteria, assign strategic weights, and score suppliers consistently using real-world case studies like the Ford Aligned Business Framework. The course culminates in a final project where you will create a comprehensive Strategic Sourcing and Recommendation Portfolio, which includes an advanced scorecard, a strategic analysis report, and a formal risk mitigation outline. By the end of this course, you will possess the skills to move beyond simple price comparisons and implement a structured, analytical process for selecting the best possible supply partners for your organization.

Syllabus

The "Why" and "What" of Strategic Supplier Evaluation

This foundational module establishes the critical business imperative for moving beyond simple, subjective supplier selection (like price-only checks). You will examine the high-stakes risks associated with tactical purchasing, using real-world scenarios to illustrate how poor decisions lead to major failures (e.g., product recalls or supply chain disruptions). The module introduces the Weighted-Scoring Model as the indispensable strategic tool that transforms qualitative business priorities into an objective, quantifiable framework. By dissecting its core components (criteria, weights, and scoring scales), you will gain a conceptual map for the entire process, bridging the gap between high-level corporate goals (like quality and sustainability) and the specific, measurable criteria required for an effective and defensible supplier scorecard.

Advanced Modeling and Strategic Delivery

This module covers the entire strategic sourcing workflow, moving from technical modeling to executive communication. Learners will master the complexities of building an auditable weighted scorecard, including Total Cost of Ownership normalization, hierarchical weighting, and performing sensitivity analysis to validate rankings. The module culminates in synthesizing these quantitative results into a professional Recommendation Portfolio that includes a Strategic Analysis Report and a forward-looking Risk Mitigation and Negotiation Levers for senior leadership.