The selection and evaluation of suppliers plays a crucial role in the success of a company’s operations. It helps in identifying and selecting the right suppliers for your needs. However, it can be very challenging and inefficient to evaluate suppliers.
This product aims to highlight the various factors that can affect the success of the evaluation process. It can be also a process applied to current suppliers in order to measure and monitor their performance for the purposes of reducing costs, mitigating risk and driving continuous improvement.
If you company is committed in producing high quality and safe products, the suppliers involved in any aspect of developing, handling, manufacturing, packaging, transporting, or storing products are expected to:
- Know and comply with the product quality standards, policies, specifications, and procedures that apply to the products produced.
- Follow and adhere to good manufacturing practices and testing protocols.
- Comply with all applicable federal, state, and local food safety laws and regulations.
- Report issues immediately to the customer that could negatively affect the quality or public perception of a product.
There are different methods and approaches to carrying out a supplier assessment. Some examples include questionnaires, scorecards, site visits and third-party standard certifications.
Our organization have developed a tool and a methodology to help companies perform supplier assessments. The objective of the Konnectika’s supplier assessment is to assess the quality of a company’s management system-through its policies, implementation measures and results.
The process captures and analyzes information and distills it into a scorecard with a Rating on a 0 to 100 scale.
Benefits:
- Performance visibility can help companies identify areas where their suppliers are performing well. It can also help them improve their performance by recognizing and rewarding those who meet goals.
- The hidden costs and waste in the sustainable procurement can be easily identified by uncovering the factors that affect the performance of a given supplier. By communicating with suppliers through better communications, customers can help minimize these risks and lower costs.
- A good supply base can help organizations improve their operations and reduce costs. By measuring their suppliers’ performance, they can improve their offerings and reduce their expenses.
- By measuring and analyzing the performance of its suppliers, an enterprise can improve its efficiency and reduce costs.
- Align your business practices with those of your customers. This will help minimize risk and improve your company’s reputation.
- Mitigate risk is the process of identifying and mitigating risks associated with the supply chain. It can help reduce the risk of financial and operational issues as well as geographic distance.
- The goal of a supplier assessment is to improve the performance of the organization’s suppliers. Doing so can be done through continuous improvement activities and employee development programs.
