Category Analysis + Supplier Selection
Timeline
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October 6, 2022Experience start
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September 26, 2022Project Scope Meeting
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October 28, 2022Mid term review
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November 21, 2022Supplier evaluation review
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December 9, 2022Final presentation
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December 18, 2022Experience end
Timeline
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October 6, 2022Experience start
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September 26, 2022Project Scope Meeting
Meeting between students and company to confirm: project scope, communication styles, and important dates.
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October 28, 2022Mid term review
Category analysis review
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November 21, 2022Supplier evaluation review
Supplier evaluation review
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December 9, 2022Final presentation
Final presentation
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December 18, 2022Experience end
Experience scope
Categories
Financial modeling Data analysis Data modelling Supply chain optimization OperationsSkills
business consulting researchLooking 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
Deliverables are negotiable, and will seek to align the needs of the students and the organization.
Some final project deliverables might include:
- A 10-15 minute presentation on key findings and recommendations.
- 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
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October 6, 2022Experience start
-
September 26, 2022Project Scope Meeting
-
October 28, 2022Mid term review
-
November 21, 2022Supplier evaluation review
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December 9, 2022Final presentation
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December 18, 2022Experience end
Timeline
-
October 6, 2022Experience start
-
September 26, 2022Project Scope Meeting
Meeting between students and company to confirm: project scope, communication styles, and important dates.
-
October 28, 2022Mid term review
Category analysis review
-
November 21, 2022Supplier evaluation review
Supplier evaluation review
-
December 9, 2022Final presentation
Final presentation
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December 18, 2022Experience 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.
- What does each unit cost, on-time delivery record, defect rate
- Does the supplier run lean, six-sigma programs?
- Is the supplier a leader in corporate social responsibility?
- Does the supplier have the capacity/scale to meet your needs?
- 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?
Timeline
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October 6, 2022Experience start
-
September 26, 2022Project Scope Meeting
-
October 28, 2022Mid term review
-
November 21, 2022Supplier evaluation review
-
December 9, 2022Final presentation
-
December 18, 2022Experience end
Timeline
-
October 6, 2022Experience start
-
September 26, 2022Project Scope Meeting
Meeting between students and company to confirm: project scope, communication styles, and important dates.
-
October 28, 2022Mid term review
Category analysis review
-
November 21, 2022Supplier evaluation review
Supplier evaluation review
-
December 9, 2022Final presentation
Final presentation
-
December 18, 2022Experience end