MajP
You've got your good things, and you've got mine.
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That is kind of what I am getting at as well.Not a question of "Will this work" or "How to handle changes", but "How much time do I need to invest and will it produce enough benefit to justify the effort".
With suppliers you can track what categories, or subcategories, or activities. But that is a lot of data to enter and maintain and what will you get for that.
The same thought on associating activites to subcategories and then assigning to products. You can but, can you do all the tagging and then maintain the associations.