3: Supplier Evaluation & Selection Analysis (60 pts) As organizations continue to rely on fewer suppliers, the supplier selection process takes on greater importance. The Supplier Evaluation & Selection Analysis is a robust tool used during supplier assessment. Step pts possible 1 2/3 4 5 6 6 6 12 12 12 Sub-total: 48 pts Comments Evaluation categories relevant & representative Weights appear relevant to major case risks Scoring/rating system makes sense Evaluation correct & ratings explained Selection decision supported by analysis What is your recommended sourcing strategy? (sub-total: 12 pts) Please support your decision with quantitative and qualitative evidence gathered during the case analysis. (6 pts) The issue of single versus multiple sourcing is an important consideration during supplier selection. Which strategy is most appropriate for Pacific given the situation? (6 pts) The issue of short versus long-term contracts is also an important consideration during supplier selection. Which strategy is most appropriate for Pacific given the situation? Q4: Sourcing Risk Management Plan (60 pts) Sourcing decisions invariably involve risk. This analysis requires you to (1) identify the potential risks associated with a sourcing decision, (2) assess the possible magnitude of each risk to operations, and (3) identify ways to manage or reduce risk exposure. (12 pts) A risk management plan is conducted for each supplier selected for award. (18 pts) All pertinent risks are identified for each selected supplier. (24 pts) Risk reduction & mitigation strategies are identified. Each strategy is realistic. (6 pts) Did the student create & format a 'short letter' type report like in the (Monster) example provided