Which suppliers are prioritized when creating a Wave plan?

The prioritization of suppliers when creating a Wave plan is crucial for effective procurement and supply chain management. Platinum suppliers typically represent the highest tier of supplier relationships, often distinguished by their reliability, quality, and ability to meet large volume demands or critical needs of the organization.

These suppliers are often strategic partners who have proven their ability to deliver on time and with quality, contributing significantly to the value chain. Therefore, when creating a Wave plan, the focus is on optimizing operations and ensuring that the most critical suppliers, those categorized as platinum, are prioritized to minimize risk and ensure smooth procurement processes. Prioritizing these suppliers allows organizations to leverage their strengths and maintain operational efficiency, especially in situations where timely delivery and quality are paramount.

In contrast, other categories of suppliers may not have the same strategic significance or may not be as reliable, which is why they do not receive the same level of prioritization in Wave planning.