Skip to main content


Avetta has launched Business Risk! Click here

Supplier Classification: A Differentiator in the Modern Supply Chain Landscape



Over the past decade, supply chains have grown both in terms of length and complexity as companies ventured beyond borders in search of better margins. With increased outsourcing of non-core competencies, companies have become more reliant on suppliers for driving cost savings and innovation. The result? Strategic supplier partnerships today rank high in the corporate agenda. Additionally, Supplier Relationship Management (SRM) is seen as a priority procurement function that can make a huge difference.

Now, despite the criticality of SRM in the current market scenario, several organizations still struggle to initiate, develop, and nurture value-driven partnerships with suppliers. The primary reason for this is that companies often end up thinly spreading their attention across the entire supplier base which often comprises thousands of Tier-1 and Tier-2 suppliers or subcontractors. Clearly, not all suppliers in a network command the same level of spend, and hence every supplier represents a different level of value to the buyer.

In this white paper you will learn:

  • How to classify suppliers to drive maximum business value.
  • What classification categories to consider using.
  • What the key attributes are for determining a category.
  • How to streamline supplier classification.
Upcoming Events
Nov 29
The Intersection of Compliance and Culture with Scott DeBow
Nov 29
Quiet Quitting and the Connection to Psychological Safety & Overall Wellbeing
Nov 30
Best Practices for Incident Investigations
Nov 30
The Hidden Risks of Temporary Agency Workers & Strategies for Success
Dec 4-6
Coral Gables, FL
Consero Procurement & Strategic Sourcing Forum
Dec 6-7
Houston, TX
Booth #11
Energy Supply Chain Summit
Dec 7
Expert Insights to Establish a Thriving Supply Chain in 2023
Dec 13
Gain a Competitive Edge: The Importance of a Supplier Diversity Program
Dec 15
Sustainable Procurement Checklist webinar with Luke Wilde