Supplier Shortlisting

How your business benefits

Identify suppliers based on business needs

Narrow down the potential supplier base by clearly defining business outcomes
Sift through the pool of suppliers to effectively understand the available options
Streamline your search to include only suppliers that can meet all or most requirements

Evaluate key supplier KPIs

Identify criteria that are crucial to achieve supplier engagement objectives
Gauge supplier capabilities based on these criteria
Gain detailed information about supplier performance specific to each KPI

Classify suppliers using a positioning matrix

Sort suppliers into quadrants based on operational and functional capabilities
Rank them to identify best-fit suppliers
Get additional information about the most suitable suppliers for engagement

Select suppliers that generate desired value

Comprehensively understand what each supplier brings to the table
Condense the search to only a select few with the potential for long-term relationships
Engage with suppliers by heading straight to the RFP stage

Why Choose SpendEdge?

Get Optimized Insights Leveraging our Vast Network of Industry Experts

With their strong business acumen, our analysts break down the supplier landscape at a granular level to help you quickly study the capabilities of suppliers in the market. We use refined primary and secondary research tools to help you identify suppliers that not only meet your basic criteria but also possess the potential for a profitable, long-term business relationship.

Long and Proven Track Record in Supplier Intelligence Excellence

With nearly two decades of experience in delivering reliable supplier intelligence, our insights have helped clients with varying business sizes and scopes find the right match and generate maximum value from their supplier relationship management. This forms the basis for sustainable and healthy engagements during these highly volatile times.

Navigate the Supplier Selection Process the Right Way

Ensuring you select the right supplier plays a vital role in more ways than one. Choosing a supplier for your requirements goes way beyond simply looking at cost alone, and that’s where our team’s expertise will help you distinguish between the importance and impact of each criteria on your business objectives.

Speed Up Business Engagement to get a Head Start

The process of finding a suitable supplier may appear to be a simple task at the outset, but the complexity and nuances involved may result in second-guessing decisions. Our timely and scope-specific insights will make sure you don’t waste any precious time in this pursuit to ensure business continuity.

Featured Case Study

How We Helped a Leading CPG Client Optimize Their Supply Chain

Challenge: The client struggled with limited supply chain visibility, inefficient communication, and outdated processes that hindered operational efficiency.

Solution: SpendEdge implemented automation tools, enhanced communication channels, and fostered strong supplier relationships to improve collaboration and transparency.

Result: The engagement led to streamlined operations, reduced errors, increased efficiency, and significant cost savings, ultimately enhancing the client’s competitiveness in the market.

Read the full case study Know about SpendEdge Procurement

Talk to One of Our Experts

Finding a reliable supplier tops the list of challenges faced by any Procurement Manager so their best bet is to be equipped with dependable and well-founded supplier intel.

Talk to Our Experts

Explore Our Other Services

Category Intelligence

Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.

Supplier Intelligence

Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.

Strategy Support

Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.

Category Cost and Pricing

Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.

FAQs

Supplier shotlisting is essential for assessing supplier quality, as it offers a systematic approach for organizations to evaluate potential suppliers based on defined quality standards. The following outlines the ways in which shotlisting aids in this assessment: Targeted Supplier Capabilities Assessment Criteria By developing a shortlist, organizations can direct their attention towards a specific set of suppliers that align with established quality benchmarks. This targeted strategy allows companies to implement stringent assessment criteria, including compliance with quality management systems, defect rates, and adherence to industry regulations, thereby ensuring that only those suppliers capable of providing superior products or services are taken into account.

There are several factors that need to be considered while selecting and shortlisting a supplier. Some of the factors would be specific to the nature of the category under focus, however in a general sense factors such as financial stability, years of experience, depth and breath of product/service offerings, quality certifications, clientele, satisfaction from current suppliers etc., are critical factors that need to be considered.

SpendEdge takes a scientific approach when it comes to supplier evaluation and shortlisting. Our analysts carefully take in consideration all critical parameters that determine the success of suppliers in a particular category. Our analysts take a right balance of secondary and primary research to gather and validate facts regarding the suppliers, develop a strong comparison matrix and develop recommendations on the best-fit suppliers.