Share some tips about the book : "how to analyze you suppliers?"

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Seven:
Quality is relatively easy to measure with specific metrics or more comprehensively by conducting quality audits, which can identify areas needing more attention. Quality audits cover areas such as management systems, manufacturing, engineering, administration, purchasing, environment, and risk management.

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Eight:
you must consider changing suppliers if improvements will take too long or if the supplier is too much of a risk and your deliveries to your customers are in danger.

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Nine:
Find the relevance of evaluation and analysis.
The need to evaluate a supplier is most significant when the supplier is new or there are problems with the supplier. Evaluation of a supplier’s performance is not a onetime action; it should be a continuous process. The key warning flags about a supplier require special attention, especially if several warning flags exist simultaneously. The focus should be on a limited number of deep and critical relationships, rather than on numerous unmonitored relationships.

重点：The focus should be on a limited number of deep and critical relationships, rather than on numerous unmonitored relationships.

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Ten:
Read between the lines.
Your supplier might not immediately tell you the truth about its difficulties. You may need to find the
untold story. Use analysis to create the picture of the supplier’s financial and business strengths.

问个问题：Read between the lines. 是什么意思？根据本人的理解认为是了解现象背后的本质。

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11：
A supplier’s poor financial condition is a risk factor that might cause a risk event, such as delays in payments to subsuppliers or even bankruptcy. To evaluate a risk outcome, you can estimate the possible
effects on key objectives.

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12：

The objectives of risk management include two components: understanding and control.
Risk management is an investment in the future.

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13：Managing supplier risk is not the same as managing credit risk.

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14：The outsourcer is shouldering some of your business risks, but at the same time, you have a new
risk to orchestrate with your counterpart.

orchestrate:
vi.
1. 編管弦樂曲
vt.
1. 把...編成管弦樂曲
2. 精心安排
3. 使協調

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15:
Risk management does not mean risk avoidance. Risk management activities should ensure that the shareholders’ assets and revenue are protected.

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16:
Risk assessment includes risk identification: Supplier risks should be identified by checklists based on historic experience and by open brainstorming based on potential risks. First, the purpose of identifying risks is to find the potential threats to delivering your products. Second, you should identify which suppliers pose the biggest threat to your company’s production.

Brainstorming
n.
1. 集體研討