This supplier evaluation form:
Having high-quality suppliers is critical to the success of any business, after all, they provide the materials and products you need to keep your business running.
A supplier evaluation consists of a series of questions (or criteria) based on certain parameters.
A supplier evaluation is essential to measure and monitor a supplier’s ability to perform, reduce your costs and maintain scope for continual improvement when selecting suppliers.
Evaluating potential suppliers and evaluating supplier performance is a critical step in the sourcing process. Here are five tips to help you get started in the process.
1. Define your requirements.
2. What kind of products or services do you need?
3. What quantity do you need?
4. What are your quality requirements?
5. What is your budget?
Once you have answers to these questions, you can start looking for suppliers that can meet your needs. Below are some key parameters that may help you select the right supplier for your business. for example:
Cost – are the prices competitive?
Capacity – does the supplier have all the resources needed?
Consistency – is there a consistent output from the supplier?
Quality – are the goods and services of a high standard?
Culture – does this supplier have a good working culture and reputation?
Support – is there a support service, guarantees and warranties.
Delivery – can they deliver on the supply chain with expected due dates?
Competency – is the supplier diligent and can they complete the tasks in a given timeframe?
One of the best ways to determine if your suppliers are up to standard is by the customer feedback you receive.
Customer complaints, spontaneous feedback on satisfaction and customer satisfaction surveys should be collected and documented to assist you with data analysis and the level of customer satisfaction that is relative to your suppliers.
The findings can assist you with supplier management, evaluation processes and help you determine if changes need to be made with your preferred suppliers.
The supplier evaluation form has provisions including but, not limited to: