Xcitec® Supplier Classification

• Supplier classification (e.g. preferred, accepted, restricted, desourced)
• Implement standardized strategies throughout the entire company
• Supplier portfolio definition including risk management
• Supplier reduction through phasing out superfluous suppliers

Xcitec® Supplier Classification structures and classifies existing and potential suppliers based on significant factors such as the results of the supplier evaluation and the supplier’s strategic importance. Supplier classification is the basis for a company’s supplier portfolio development and risk management.

A well-grounded and objective classification (e.g. as preferred, accepted, restricted, desourced) promotes “high-performers” while “low-performers” can be phased out.

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