Final answer:
To develop a supplier Evolution matrix, consider factors within Quality, Cost, Logistic, and Management categories. Risks of changing suppliers include supply disruption and quality issues but can be mitigated through due diligence and a solid transition plan. Imperfect information impacts procurement decisions, mitigated by market research and supplier communication.
Step-by-step explanation:
To develop a supplier Evolution matrix based on Quality, Cost, Logistic, and Management, one must consider several factors within each category. Quality would involve evaluating the supplier's products for consistency, defect rates, and adherence to standards. Cost would include the examination of unit prices, payment terms, and potential for discounts. Logistic would focus on the reliability of delivery times, transportation options, and geographic proximity, while Management would address the supplier's responsiveness, communication effectiveness, and overall relationship management.
There are risks associated with shifting suppliers such as potential for disruption in supply, inconsistency in quality, and additional costs. To mitigate these risks, one should conduct thorough due diligence on potential new suppliers, develop a transition plan that includes buffer stocks, and establish strong communication channels for swift responsiveness to issues.
Imperfect information can affect price, quantity, and quality by leading to misinformed decisions that negatively impact the procurement process. Ways to reduce the risk of imperfect information include conducting comprehensive market research, implementing supplier performance tracking, and fostering open communication with current and potential suppliers.