{"id":2246,"date":"2006-12-04T15:09:00","date_gmt":"2006-12-04T15:09:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2006\/12\/04\/supply-market-assessment\/"},"modified":"2021-07-29T08:07:53","modified_gmt":"2021-07-29T12:07:53","slug":"supply-market-assessment","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/","title":{"rendered":"Supply Market Assessment"},"content":{"rendered":"<p>Tim Minahan over at Supply Excellence posted the second part of our interview this morning in a piece entitled Supply Market Assessment 101.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>I thought that I\u2019d save a few tidbits on the subject for this blog. Here is a laundry list of just a few of the many things to consider when assessing a supply market:<\/p>\n<ul>\n<li>Role of government (potential sanctions, tariffs)<\/li>\n<li>Logistical risks (port closures, customs delays)<\/li>\n<li>Dependence on favorable weather<\/li>\n<li>Likelihood of being a terrorist target<\/li>\n<li>Availability of skilled labor if demand increases<\/li>\n<li>History of manufacturer recalls<\/li>\n<li>Changes in dependent demand from unrelated industries (e.g., more titanium needed to build more airplanes)<\/li>\n<li>Probability of natural disasters (e.g., hurricanes in Florida, earthquakes in California, blizzards in the Northeast US)<\/li>\n<\/ul>\n<p>One of the classic models that generalizes all of the factors involved in assessing a supply market is called Porter\u2019s Five Forces. Porter\u2019s Five Forces, and how purchasing professionals should use the model, is taught in detail in our online course \u201cSavings Strategy Development.\u201d<\/p>\n<p>Kudos go to Tim for allowing me to address this issue for his readers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tim Minahan over at Supply Excellence posted the second part [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supply Market Assessment - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Market Assessment - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"Tim Minahan over at Supply Excellence posted the second part [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2006-12-04T15:09:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-29T12:07:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-126.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1063\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Supply Market Assessment\",\"datePublished\":\"2006-12-04T15:09:00+00:00\",\"dateModified\":\"2021-07-29T12:07:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/\"},\"wordCount\":197,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/supply-market-assessment\/\",\"name\":\"Supply Market Assessment - 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