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How Should We Classify Spare Parts Suppliers and Vendors

October 23 spkhadmin

Q:  How should we classify spare parts suppliers and vendors

A: My suggestion is that you classify suppliers/vendors of spare parts on a combination of spare part criticality and vendor exclusivity. So, if you have a critical spare part from a vendor that is the sole supplier of that part then they will be a critical supplier and you need to nurture that relationship (or find another supplier). At the other end of the scale, if you have a non-critical part from a vendor but where the part can be supplied by many vendors then they will not be a critical supplier. In this case you can reasonably ‘shop around’ for better pricing and delivery.

If you draw this up as a 2×2 matrix you will see that there are four possibilities.

Filed Under: Data Management

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