Supplier Mapping
When it comes to supplier mapping, there are a few key things you need to know in order to create an effective and efficient process. Here is a supplier mapping definition to help you get started:
Supplier mapping is the process of identifying and documenting the relationships between your organization and its suppliers. This information can be used to improve communication, collaboration, and coordination between all parties involved.
In order to create a supplier map, you will need to collect data from a variety of sources, including your organization’s internal systems, supplier databases, and public records. Once you have gathered this information, you will need to organize it into a format that is easy to understand and use.
There are many different ways to map suppliers, but one of the most common methods is known as the ‘supplier web.’ This approach uses a series of interconnected nodes to represent the relationships between suppliers and buyers. Each node represents a different supplier, and the lines connecting them indicate the level of connection or relationship between them.
The supplier web can be used to identify potential risks and opportunities within your supply chain. By understanding the relationships between suppliers, you can make informed decisions about which ones to doing business with and how best to manage those relationships.
