Transition from subjective supplier evaluations to a strategic, data-driven approach with Analyze and Shortlist Top Suppliers. This intermediate course is designed for procurement professionals, supply chain managers, and business analysts who need to make objective, defensible sourcing decisions. You will master the development and application of a weighted-scoring model, a powerful tool for translating complex business priorities—like quality, cost, and ESG performance—into a clear, quantifiable framework.
Analyze and Shortlist Top Suppliers
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Analyze and Shortlist Top Suppliers
This course is part of multiple programs.
Instructor: LearningMate
Included with
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Beginner level
Recommended experience
2 hours to complete
Flexible schedule
Learn at your own pace
What you'll learn
Learner will build and apply a weighted-scoring model to objectively analyze, evaluate, and shortlist top suppliers based on key business criteria.
Skills you'll gain
- Data Visualization
- Risk Analysis
- Statistical Modeling
- Environmental Social And Corporate Governance (ESG)
- Spreadsheet Software
- Procurement
- Negotiation
- Analysis
- Supplier Management
- Cost Benefit Analysis
- Risk Mitigation
- Data Analysis
- Data-Driven Decision-Making
- Business Communication
- Vendor Management
- Strategic Communication
- Strategic Decision-Making
- Strategic Sourcing
- Business Metrics
- Business Priorities
Details to know
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Recently updated!
January 2026
Taught in English
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There are 2 modules in this course
This foundational module establishes the critical business imperative for moving beyond simple, subjective supplier selection (like price-only checks). You will examine the high-stakes risks associated with tactical purchasing, using real-world scenarios to illustrate how poor decisions lead to major failures (e.g., product recalls or supply chain disruptions). The module introduces the Weighted-Scoring Model as the indispensable strategic tool that transforms qualitative business priorities into an objective, quantifiable framework. By dissecting its core components (criteria, weights, and scoring scales), you will gain a conceptual map for the entire process, bridging the gap between high-level corporate goals (like quality and sustainability) and the specific, measurable criteria required for an effective and defensible supplier scorecard.
What's included
2 videos1 reading2 assignments
This module covers the entire strategic sourcing workflow, moving from technical modeling to executive communication. Learners will master the complexities of building an auditable weighted scorecard, including Total Cost of Ownership normalization, hierarchical weighting, and performing sensitivity analysis to validate rankings. The module culminates in synthesizing these quantitative results into a professional Recommendation Portfolio that includes a Strategic Analysis Report and a forward-looking Risk Mitigation and Negotiation Levers for senior leadership.
What's included
2 videos3 readings2 assignments
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