Category Analysis + Supplier Selection

EM/OM 371
Closed
Clarkson University
Potsdam, New York, United States
Ajinkya Tanksale
Assistant Professor
1
Timeline
  • October 6, 2022
    Experience start
  • September 26, 2022
    Project Scope Meeting
  • October 28, 2022
    Mid term review
  • November 21, 2022
    Supplier evaluation review
  • December 9, 2022
    Final presentation
  • December 18, 2022
    Experience end
Experience
2/3 project matches
Dates set by experience
Preferred companies
Anywhere
Any
Any industries

Experience scope

Categories
Financial modeling Data analysis Data modelling Supply chain optimization Operations
Skills
business consulting research
Learner goals and capabilities

Looking to elevate your organization, and bring it to the next level? Bring on students from Clarkson University to be your student-consultants, in a project-based experience. Students will work on one main project over the course of the semester, connecting with you as needed with virtual communication tools.

Students in this course have an in-depth knowledge of the supply and demand process and will use their insight to perform a category analysis. A category analysis answers questions about the short- and long-term availability and cost for the category. The other aspect of the project is about supplier evaluation and selection process. This includes developing an appropriate metric for supplier selection for example financial health of the supplier, best practices, cost, quality and delivery history of the supplier. Based on these aspects, the vendors can be evaluated and a best alternative can be suggested.

Learners

Learners
Undergraduate
Any level
40 learners
Project
40 hours per learner
Learners self-assign
Teams of 5
Expected outcomes and deliverables

Deliverables are negotiable, and will seek to align the needs of the students and the organization.

Some final project deliverables might include:

  1. A 10-15 minute presentation on key findings and recommendations.
  2. A succinct one-page recommendation that identifies a “selected” supplier and offers insight and analysis on their stability and operations. They will be able to describe the process and tell you why they eliminated suppliers from consideration to build credibility for the final decision.
Project timeline
  • October 6, 2022
    Experience start
  • September 26, 2022
    Project Scope Meeting
  • October 28, 2022
    Mid term review
  • November 21, 2022
    Supplier evaluation review
  • December 9, 2022
    Final presentation
  • December 18, 2022
    Experience end

Project Examples

Requirements

Students in groups of 4-5 will work with your company to identify your needs and provide actionable recommendations, based on their in-depth research and analysis.

Category Analysis and Supplier Selection reports that students can complete may include, but are not limited to:

  • Clearly communicate how overall category demand and supply affect price and availability/risk
  • Identify an initial supplier pool
  • Develop a supplier selection scorecard
  • Identify the best supplier

Students will research and report on:

Supplier Description - basic demographics, location, revenue, employees, etc

Supplier Evaluation - Students will analyze and evaluate the supplier with criteria deemed as important to your business in the selection process. They will also be able to describe the financial health and evaluate the trends noted in the supplier's finances that may affect the supplier's future financial stability.

  1. What does each unit cost, on-time delivery record, defect rate
  2. Does the supplier run lean, six-sigma programs?
  3. Is the supplier a leader in corporate social responsibility?
  4. Does the supplier have the capacity/scale to meet your needs?
  5. Can the supplier fulfill orders from multiple plants/stocking points around the world?

Finally, the students can provide a recommendation about if the supplier is a viable option and provide a grade or score on the aforementioned supplier so you can make the most informed decisions when moving forward.

Additional company criteria

Companies must answer the following questions to submit a match request to this experience:

Be available for a quick phone/virtual call with the instructor to initiate your relationship and confirm your scope is an appropriate fit for the course.

Provide a dedicated contact person who is available for weekly/bi-weekly drop-ins to address students’ questions as well as periodic messages over the duration of the project.

Provide an opportunity for students to present their work and receive feedback.

Provide relevant information/data as needed for the project.

How is your project relevant to the course?