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1Answer: 1.) Complete a weighted-point supplier evaluation scorecard (view template scores from 0 to 5) to evaluation these suppliers given the data provided. Please explain how you did assign the weights to each of the four evaluation categories?Table 1 - Weight FactorsWeight Meaning 0 Not Importan...

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Answer: 1.) Complete a weighted-point supplier evaluation scorecard (view template scores from 0 to 5) to evaluation these suppliers given the data provided. Please explain how you did assign the weights to each of the four evaluation categories?

Table 1 - Weight Factors Weight 0 1 2 3 4 5

Meaning Not Important Very low importance Low Importance Medium Importance High Importance Very High Importance

 Table 1: Weight Factors - The table 1 illustrates the level of importance of each criteria. 0 is considered as not important and 5 as very high importance. Table 2 – weight Factors for Each Criteria Criteria Weight Score Price/Unit (Budget) 5 Quality 4 Delivery on Time 4 Order Cycle Time 4  The table 2 criteria come from the table in the document of C4W2-pL.-Led-Comany-Case-SupplierEvaluation-and-Selection-copy.pdf. I was able to assign the weight factors to,  Budget (Price per Unit) - 5. because it is said in the document that the budget is the most important of all the criteria.  Quality - 4. It is important, but not as important as the budget. It is considered equally important as the other three criteria/factors. These are quality, delivery on-time and order cycle time.  Delivery On-Time - 4. It is considered equally important as the other three criteria/factors. These are quality, delivery on-time and order cycle time.  Order Cycle Time - 4. It is considered equally important as the other three criteria/factors. These are quality, delivery on-time and order cycle time.

Table 3 – Alternative Score

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Score 1 2 3

Meaning Low Importance Medium Importance High Importance

Table 3 identifies the supplier capability across four key areas.

Table 4 – Weighted-Point Supplier Evaluation Scorecard COMPO DAMAN Weighted Score Weighted Criteria Weight Score Score Score Price/Unit (Budget) 5 1 5 2 10 Quality 4 3 12 2 8 Delivery on Time 4 1 4 3 12 Order Cycle Time 4 2 8 1 4 Total Score 29 34

EXETER Score Weighted Score 3 15 1 4 2 8 3 12 39

Table 4: Weighted-point Supplier evaluation scorecard - Upon applying a weighted scoring matrix, Exeter has a score of 39. Table 5 – Ranking Alternative Supplier Total Weighted Score COMPO 29 DAMAN 34 EXETER 39

Rank 3 2 1

 Exeter is considered as the most suitable supplier. 2.) Recommend a possible sourcing strategy for this item, including the discussion of the critical factors that you should consider when deciding whether to single source or multiple source this item.  It would be great having a multiple source of supplier. This will enable you consider factors such as,    

Product Quality - When the quality is good, it will value more the buyers. Trade regulation - Discounts when getting huge number of supply. Also the Pricelist of the product. Location - Near location for faster delivery and transaction. Service - On time delivery.

 Also their are advantages and disadvantages in single sourcing and multiple sourcing. Single Source

Multiple Source

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Advantages Long term relationship and high level of trust to supplier or buyer

Disadvantages Advantages Risk in supply Reduce bottleneck due interruption on certain shortage of supply products during peak season.

Disadvantages Huge volume of information and may lead to misunderstanding

It would be great having a multiple source to maintain a smooth and stress free when looking for more affordable and good quality products. Step-by-Step explanation - In table 5.  Weighted Score = Weight x Score, then get the sum of each weighted score to know what supplier is suitable. 2 (3) – Recommend

Answer:  Sourcing Strategy o A Supply Chain Management approach that organizes the way of gathering information for the organization to used its integrated purchasing ability to find to the best possible values in the market or the best possible Suppliers.  Single or Sole Sourcing Strategy o Sourcing type that focus on only one supplier. o If the single supplier is well-matched and reliable it can generate different the following benefits :  Building good and long-lasting relationship is easier with only one supplier than dealing with multiple suppliers.  Easier to build trust and shared benefits through partnership approach between two parties.  Costs may fall due to economy of scale since you are dealing with only one supplier.  Systems integration is easier if you are dealing with only one supplier.  Multiple Sourcing Strategy o Sourcing type that involves working with many suppliers. o It adds complexity to the Supply Chain process of the company but it also provides protection against certain risks. o Here are some benefits of multiple sourcing strategy :  If one supplier runs into difficulties, you can rely to other suppliers.  It is easier to handle unexpected events that could compromise the assets of the company.  Limit the shortage of supplies since you are dealing with many suppliers, meaning raw materials, parts or components needed in manufacturing process are always available.  Suppliers encourage themselves to improve their service and products due to competition to other Suppliers.  Competition among Suppliers provides the Buyer with more bargaining ability. Step-by-Step explanation  Critical factors that should consider when deciding Single Sourcing or Multiple Sourcing Strategy. o Single Sourcing Strategy  The vulnerability of supply will possibly increased because you do transactions with only one supplier. The business is expose to serious disturbance that arises from risks internally or externally in the supply chain process.  Supply interruption risk is possible to increased because if the only one Supplier that you are transacting with fail to provide you the needed supplies, you don't have any option since you are dealing with single sourcing strategy.

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Greater dependency since all your transactions are revolve around only one supplier that's why if uncertain events happen only two of you will resolve those problems. o Multiple Sourcing Strategy  Complexity in information sharing because too many parties to communicate with.  Challenges may occur in quality control because every Suppliers have their own criteria or standards in terms of providing products or service to your business.  Overall costs of contracts will be higher because you are dealing with many Suppliers and each of those have their own contracts to your business operations. 

Product Quality - When the quality is good, it will value more the buyers. Trade regulation - Discounts when getting huge number of supply. Also the Pricelist of the product. Location - Near location for faster delivery and transaction. Service - On time delivery.

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