SUPPLIER EVALUATION
The ISO Pros
One of the few best ways to figure out the effectiveness and the efficiency of your suppliers is through conducting a serious and in-depth Supplier Evaluation. A Supplier Evaluation, if you are not in the know, is the process of assessing suppliers, either new or existing, through qualitative and quantitative measures to check and to evaluate the capacity of your supplier in terms of delivery, management, production, services, and so on.
Whatever business you are in, your suppliers will play a key and a crucial role in the success of your business or your operations, and that is part of the main reasons why conducting a Supplier Evaluation is relevant in a business process.
Supplier Evaluation Processes
Different companies, auditing bodies, and organizations have their own ways of Evaluating Suppliers. It’s not an easy process, as a matter of fact, most auditing organizations find it difficult and challenging to maintain the evaluation that they have through data.
To keep it simple, Evaluating a Supplier would include evaluating all of the activities happening within the processes of the supplier. Whether it’s for a business process, a product, a service — or even an intangible system, it’ll all be checked depending on the goal of the audit.
There are many companies that can offer a Supplier Evaluation service but the best one would depend on what you are looking for. Some of the most common methods and approaches for Supplier Evaluation include:
- Scorecards
- Visits to the Site of the Supplier
- Questionnaires
- Surveys
Is Supplier Evaluation Done to Just Reduce Cost?
More often than not, Supplier Evaluation is used to somehow oversee how companies and businesses can save money by reducing the cost. But, that is not the only essence of it. Other than cost reduction, some of the goals of Supplier Evaluation would also include the management of the supply chain, the evaluation of risk, and the encouragement of continuous improvement and development.
There are organizations that claim to be the best at what they do but they can’t provide essential evidence that supports what they’re claiming. We are always open to helping all our clients out with the Supplier Evaluation that they’re looking to have.
For decades, all the professional Auditors and experts under our employ have been substantially trained and educated to go with the trend of today’s businesses. The age and the length of service of an organization are not relevant in the Auditing and the Evaluation of Suppliers because things and factors change on a regular basis.