Posted: January 2nd, 2016

Sourcing Essentials in Procurement and Supply

  • The use of pre-qualification criteria or processes for supplier appraisal in the sourcing process. The assignment should prove your ability to evaluate the use and choice of pre-qualification criteria or processes for supplier appraisal in the sourcing process taking into account stakeholder requirements.

 

  • Sources of information on suppliers such as financial reports, credit rating agencies or other appropriate publications and sources. The assignment should prove your ability to research information on suppliers using appropriate sources of information to select appropriate suppliers.

 

  • The assessment of financial statements to evaluate the financial, commercial and technical capabilities of potential suppliers in the sourcing process. The assignment should prove your ability to evaluate the financial, commercial and technical capabilities of potential suppliers and make recommendations on their selection.

 

  • The use of ratio analysis to evaluate potential suppliers. The assignment should prove your ability to analyze key ratios that indicate profitability, liquidity, gearing and investment in order to evaluate the suitability of potential suppliers

 

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