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Managing Supply Chain and Operations An Integrative Approach 1st Edition Foster Solutions Manual
Managing Supply Chain and Operations An Integrative Approach 1st Edition Foster Solutions Manual
1. Identifying Needs
a. Identifying the Need for Materials
b. Identifying the Need for services
c. Identifying the Need for a Type of Relationship
2. Supplier Selection
a. Identifying Supplier Requirements with Weighted-Factor Analysis
Solved Problem 7.1 > Creating a Weighted-Factor Analysis
b. Searching for Potential Suppliers
c. Supplier Evaluation
Solved Problem 7.2 > Supplier Evaluation Using Weighted-Factor
Analysis
d. Negotiating the Agreement
3. Supplier Development
a. Identifying Suppliers to Develop
b. Forming a Cross-Functional Team
c. Involving Top Management
d. Identifying Opportunities
e. Developing Key Metrics and Cost Sharing
f. Agreeing on Projects and Resources
g. Monitoring Status and Modifying
1. Identifying Needs
A specification is documentation that tells buyers what to buy and the suppliers what is
required of them. It is a descriptive document for the assigned supply manager. Supplier
management is the processes of forging strong links by identifying what is needed and then
selecting, developing and actively managing the supply base.
1. Identifying the Need for Materials
TEACHING TIP
Describe the term “global collaboration” and its relevance to positive results in the automotive
industry, as outlined in the chapter.
2. Supplier Selection
1. Identifying Supplier Requirements with Weighted-Factor Analysis
a. Weighted-factor analysis (WFA) is a multi-criteria decision-making
method using weights and can be done by using a simple spreadsheet.
b. Multiple criteria decision making (MCDM) is a tool that is simple and
used often in WFA analysis.
TEACHING TIP
Discuss the makeup and the interaction between team members in the selection process of a
supplier.
3. Supplier Development
1. Identifying Suppliers to Develop: Supplier development is the process of helping
a supplier improves its performance. The first step is what supplier relationships
will benefit from this development.
2. Forming a Cross-Functional Team: includes all parties with interaction with the
supplier
3. Involving Top Management: Their support is absolutely necessary.
TEACHING TIP
Stress the importance of a successful relationship management experience when working on
supplier development. The relationship must be especially trustful.
TEACHING TIP
Discuss the metrics you would list for this supplier scorecard.
In Class Activity
1. Ask the students why there should be such as emphasis on suppliers in a firm’s
operations.