CIPS L4M6 (Supplier Relationship) LATEST UPDATED STUDY GUIDE Rated A

CIPS L4M6 (Supplier Relationship)
LATEST UPDATED STUDY GUIDE
Rated A.
Planning a partnership involves a number of key steps that should be
linked to a clear timeline with milestones. The following list shows what a
plan for developing a partnership might include and why the partnership
may fail if this plan is not in place
✔✔1. Undertake product/service segmentation and supplier preferencing
to sun sure that the correct suppliers are targeted
2. Develop a cross-organizational team
3. Outline the objectives
4. Develop a business case to present to senior management
5. Undertake stakeholder mapping exercise
6. Undertake the required due diligence, credit checks/audit of supplier
premises
7. Develop any required contracts or non-disclosure agreements to protect
confidential data
8. Undertake joint objective planning with the supplier using the
partnership model
9. Identify resources
10. Develop a communications plan
11. Assess if IT systems integration is needed
12. Planning of operational activities to ensure both partners are working
towards the acheivement of the agreed goals