Chapter 7 is titled “Supplier Evaluation and Selection” and includes the following topics:
- The seven-step supplier selection process.
- Criteria to narrow the supplier pool.
- Learn about the resources available to identify suppliers.
- Understand the importance of supplier financial analysis.
- Understand how to develop a supplier evaluation scorecard.
Chapter 8 is titled “Supplier Quality Management” and includes the following topics:
- A working definition of supplier quality management.
- Principles of total quality management.
- Deming’s 14 points of quality.
- The Malcolm Baldrige national quality award.
- The elements of a supplier quality manual.
Wall Street Journal Article: “Best of CES 2021: The (Virtual) Tech Show’s Weirdest and Most Wondrous Gadgets,” Link: https://www.wsj.com/articles/best-of-ces-2021-the-virtual-tech-shows-weirdest-and-most-wondrous-gadgets-11610719200 (Links to an external site.)
New products and product concepts are announced each year at the Consumer Electronics Show (CES). New products often require new suppliers. Please select one product from the Wall Street article to develop a weighted scorecard to evaluate new suppliers. (See example in Exhibit 7.7 of the textbook). What would be the top five categories of your scorecard, and how would they be weighted? Why?
- Describe how an organization could use the 7-step supplier selection process (Exhibit 7.6) to identify and manage new suppliers for the product you selected in the previous question.
- Deming identified 14 Principles of Total Quality Management. Which five principles of Total Quality Management would be most important for working with suppliers that provide components for the product you selected in the first question? Why?
- Please provide an insightful question about the new gadgets in the Wall Street Article.
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