Part of this deep dive should include a real$-$world case study or example of a successful or failed supplier selection process. Analyze the case study$/$example and provide insights into what contributed to its success and failure.

Questions to Answer In This Deep Dive

What are key criteria used in supplier selection?

Why is it important to align supplier selection criteria with organizational goals?

What are different supplier selection strategies, their pros, and their cons?

What are various methods used to evaluate and assess potential suppliers?

What are advantages and disadvantages of supplier evaluation methods?