Explain the criteria that you would use for selecting the supplier of raw material for your organization?

Choosing the right supplier involves much more than scanning a series of price lists. Your choice will depend on a wide range of factors such as value for money, quality, reliability and service. How you weigh up the importance of these different factors will be based on your business' priorities and strategy.

A strategic approach to choosing suppliers can also help you to understand how your own potential customers weigh up their purchasing decisions.

This guide illustrates a step-by-step approach you can follow that should help you make the right choices. It will help you decide what you need in a supplier, identify potential suppliers and choose your supplier.

• Thinking strategically when selecting suppliers
• What you should look for in a supplier
• Identifying potential suppliers
• Drawing up a shortlist of suppliers
• Choosing a supplier
• Getting the right supplier for your business