Worldwide Laptop and Printer Company has been a market leader in providing laptops and printers geared to families and teens.

Company Background:
 Annual revenues of $2 billion.
 Incorporated 3 years ago.
 Products sold only through internet channels.
 Laptops sell for $500 – 700 each.
 Printers sell for $200 – 400 each.
 Printer cartridges sell for $25 – 45 each.
 All products are assembled using products available through regional and global suppliers. Currently, there are over 500 Suppliers that provide various services with little to no evaluation process. If a Supplier had a product they contacted the Procurement department no sourcing was completed.
 The lifecycle for all the products is estimated for 3 – 5 years.
 The company competes in the high-tech industry.
 The market for Worldwide products has seen a 30% growth rate in the last 18 months.
 Worldwide expects to sustain growth rates of 30 – 50% over the next 4 years.

Worldwide Company has grown quickly and will continue to experience growth and market changes over the next 5 years. In order to remain competitive Worldwide Company will need to develop a plan in terms of establishing a supplier sourcing strategy
Assignment:
1. Develop a plan to encourage 2nd and 3rd tier suppliers that can work with the organization’s 1st tier suppliers. The plan should benefit Worldwide by providing criteria and rewards that will address any issues that may arise.