This presentation covers the 3 simple steps to follow to conduct a supplier sourcing successfully.

1. SUPPLIER SOURCING
A QUICK GUIDE TO
Janeth C. Langcamon

2. WHAT IS SOURCING?
it is the process of SELECTING
SUPPLIERS to provide goods and
services you need to run your
business.
Finding best in class suppliers
Negotiating contracts
Establishing payment terms
Market research
Testing for quality
Establishing standards
INVOLVES:

3. WHY IS SOURCING IMPORTANT?
IT ALLOWS COMPANIES TO ESTABLISH CONSISTENT
SUPPLY CHAINS.
Cost
Management
Stability Managing
Risk

4. HOW TO CONDUCT
SOURCING?
SELECT A SUPPLIER
1.
Do your research. Identify qualified suppliers
Identify your criteria (10 C's: competency,
capacity, commitment, control, cash, cost,
consistency, culture, clean, communication)
Create an evaluation form/scorecard
Determine which suppliers meet the criteria

5. HOW TO CONDUCT
SOURCING?
2. SECURE A SUPPLIER
Contact suppliers
Negotiate a fair deal
Determine payment terms
Specify delivery expectations
Test (order samples)

6. HOW TO CONDUCT
SOURCING?
3. CREATE A CONTRACT
Pricing
Volume
Payment
Exclusivity
Duration
Product Quality, Recalls, and Unusable Products
Labeling Requirements
Dispute Resolution
8 KEY CLAUSES

7. OTHER COMMON QUESTIONS ABOUT
SOURCING
WHAT'S A GOOD WAY TO FIND QUALITY SUPPLIERS IN THE
SOURCING PROCESS?
SHOULD I ASK FOR REFERENCES?
WHAT ARE THE KINDS OF SUPPLIERS?WHICH OF THESE SUPPLIERS
IS BEST TO WORK WITH FOR LONG TERM?

8. REACH OUT TO ME
FOR QUESTIONS OR MORE INFO:
EMAIL A D D RES S /S KY PE
janeth_langcamon77@yahoo.com