Supply Evaluation

1. Evaluation Method/ Approaches

1.1. Surveys and questionaires

1.2. Scorecards

1.3. Site Visits

1.4. Supplier Assesment

1.5. Supplier Audit

2. Criteria for evaluation

2.1. Looking how competent the supplier is

2.2. Capacity to handle firm's requirements

2.3. Commitment of the supplier towards the firm

2.4. Control over the policies, procedures, processes and supply chain

2.5. Good in financial health

2.6. Cost of the goods provided by supplier

2.7. Consistency of providing high quality goods and services

2.8. Business culture of the supplier

2.9. Supplier's commitment to sustainability and adherence towards environmental laws

3. Goals of supplier evaluation

3.1. Achieve efficient fullfillment

3.2. Drive Customer Value

3.3. Enhance Organisational Responsiveness

3.4. Build network resiliency

3.5. Facilitate financial success

4. Evaluation strategy

4.1. Segmenting the supply base

4.2. Different actions for different base

4.3. Fixing benchmark of performance

4.4. Measurement of performance

4.5. Analysing variances

4.6. Taking corrective actions