CORE Exam Dumps : Supply Management Core Exam

To ensure Supplier Y improves its KPI scores, the supply manager should require the supplier to submit a detailed written plan outlining specific steps and strategies for improvement. This plan should include measurable targets and timelines for each KPI. By closely monitoring the supplier's progress against this plan, the supply manager can ensure accountability and provide support where needed, fostering a continuous improvement culture.

References

Supplier Evaluation and Performance Excellence: A Guide to Meaningful Metrics and Successful Results by Sherry Gordon

"Key Performance Indicators (KPIs) in Supply Chain Management" - Supply Chain Council

The best course of action for the university is to conduct an RFx (Request for Proposal/Information/Quote) stating the new requirements and including migration costs in the evaluation criteria. This approach ensures a comprehensive evaluation of both the new and existing suppliers based on the updated requirements and all associated costs, including migration. It allows the university to make a well-informed decision based on a holistic view of costs, benefits, and potential risks, ensuring transparency and competitiveness in the selection process.

References:

CIPS (Chartered Institute of Procurement and Supply). (2021). Procurement and Supply Chain Management.

Kraljic, P. (1983). Purchasing must become supply management. Harvard Business Review.

Spend Profile Analysis: This involves examining how much money is being spent, on what, and with whom.

Internal Database: The company’s internal database will have historical data on past expenditures, contracts, purchase orders, and supplier performance.

Comprehensive Data: This data is likely to be accurate, detailed, and tailored to the company’s specific context.

Internal Stakeholders: While they can provide insights, their information may not be as comprehensive or reliable as the data from an internal database.

External Sources: External sources like sales representatives or the internet may not have access to all necessary internal details. References

CIPS (Chartered Institute of Procurement & Supply) guidelines on spend analysis.