Choosing a supplier is a critical step for any business. Our Supplier Selection Analysis guide breaks down how to compare suppliers and ultimately choose the best one for your business.
Supplier selection analysis typically requires the following five-step process.
1. Identify Component
The process will begin with identifying the separate components that contribute to your final product and categorize them accordingly. An example has been outlined below for your reference for items that may pertain to a local coffee business.
2. Purpose of Component
Identify how this product helps your business deliver exceptional product/service and the functional purpose of the component.