Do you know how to communciate with all your suppliers?
Are you communicating the same for all spend and category types?
Do you know who you should give more time to?
Save time and add more value, remove yourself from the transactional and concentrate on the strategic.
Use the Kraljic Matrix to decide which segment each supplier falls into.
ROUTINE, LEVERAGE, BOTTLENECK or STRATEGIC?
Use the Supplier Preferencing model to check how your supplier sees you (Gulp)
Once these inputs are complete, the Supplier Matrix will give an output of the overall relationship status for each supplier helping you:
- Set your negotiation objectives
- Put alternative sources of supply in place
- Concentrate innovations with Green light suppliers
Reduce your risk and utilise your time efficiently by reducing time spent in low risk/low value suppliers
Kraljic Matrix, Supplier Preferencing and the Supplier Matrix to see your overall relationship and risk analysis.