Supplier Evaluation
Supplier Evaluation refers to the process of evaluating and approving potential suppliers by factual and measurable assessments.
SQS uses this service to help companies maintain a portfolio of the industry's best suppliers. The objective of the supplier evaluation process is to measure and monitor the performance of current suppliers in order to reduce costs and risks and implement continual improvements.
The SQS experts support you during the following tasks within the scope of the supplier assessment:- Coordination and quality assurance for requirements definition (e.g. for migration)
- Assurance that contractual guidelines are legally valid (in cooperation with the legal department/lawyers)
- Supplier controlling, e.g. with regard to the planning and implementation of the SQS migration and training concept and migration testing procedures
SQS also supports companies by ensuring that the evaluation of current suppliers does more than just measure their actual performance by providing the suppliers with constructive feedback and thus creating the necessary situation for continual improvement. For this reason, management commitment to and support for a supplier evaluation process is essential.
The customer’s benefits at a glance:
An effective supplier assessment process is linked to several benefits. Below are the customer benefits at a glance:- Mitigation against poor supplier performance or delivery failures
- Sourcing from suppliers that provide high-quality products and good service levels
- Suppliers who offer sufficient capacity and business stability
- Supplier evaluation can help customers and suppliers identify and remove hidden cost drivers in the supply chain
- Furthermore the process of evaluating performance can motivate suppliers to improve their performance
