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Following the practices necessary to ensure a successful supplier evaluation is a challenge as there are different criteria to consider. Here is a guideline that can help you in this practice: · Set a schedule: clearly define the necessary tasks and set deadlines. · Provide a concise and detailed questionnaire to the supplier early in the process. · Be courteous and respectful (congratulate them when they perform well) · Conduct personal visits to supplier facilities. · Make sure the right staff members are involved in the assessment.
Each approach may vary based on many factors, there are no defined and universal vendor evaluations. However, there are essentials that need to be checked: · Implementation of performance indicators (Price, Cost, Certifications, Financial health, Quantity, Quality, Service, Innovation, Payment terms, Added value, Compliance) · Suppliers’ classification: group those in similar categories. · Centralize and Integrate Data: Digital Platform · Develop a solid evaluation approach (supplier dashboards, contract management, etc.) · Collaborate with vendors for review/feedback
A supplier evaluation survey can be based on a multitude of factors, several considerations that every company must take into account, regardless of the industry. Here are 5 basic elements that should be included: · Production capacity: carefully assess the capabilities and limitations of the supplier. · Quality: this should be a central element of a supplier's evaluation. ISO BS/EN ISO 9001:2000 certification remains the industry standard. · Performance: include questions that determine whether a vendor can handle typical functions. · Risk: suppliers should actively work to minimize them throughout the supply chain, overall delays, average response time and corrective actions can help develop a reliable quantitative risk assessment. · Environmental impact: sustainability is an essential part of a successful business for both financial and ethical reasons.
About partners:
BlueKanGo
BlueKanGo is a global provider of enterprise Quality, Environment, Heath and Safety software solution. With 3,500+ active clients all over the world, our award-winning solution empowers organizations to digitize their management and processes to deliver better, more sustainable and environmentally friendly products and services while improving the safety and quality of work life for their employees.
EcoVadis
EcoVadis offers a Corporate Social Responsibility (CSR) assessment service.
The EcoVadis rating focuses on non-financial management systems, including impacts in: Environment, Social & Human Rights, Ethics and Responsible Purchasing. Each company is evaluated according to its size, location and sector of activity. Today, more than 75,000 business partners have been evaluated worldwide.