A Supplier Assessment reviews, audits and selects suppliers on the basis of criteria prepared in consultation with the client. Experts conduct on-site supplier inspections, taking samples, inspecting products and production facilities.
Supplier Assessments help companies to effectively manage supply chain challenges and to protect their own and their customers' brand images. Demonstrating these risk management abilities helps the company build trust, e.g. among customers and investors.
- Assess suppliers in China and Southeast Asia according to managerial, environmental and social criteria.
- Identify dubious suppliers.
- Systematically monitor the performance of dubious suppliers.
- Provide risk profiles, statistics, etc. meeting the client's needs, including verifications.
- Establish practical and efficient routines for managing challenges in the supply chain.
- Helping suppliers assess their own suitability for individual projects by defining requirements in a clear, accurate and meaningful way.
- Assessing suppliers' capability to deliver, during formal procurement
- Achieving supply chain transparency: a full understanding of prime/subcontractor arrangements, i.e. identifying what work is done in house and what is outsourced.
More effective assessment of suppliers can ensure that the right supplier is selected for a project or product. It also brings benefits beyond individual projects, in terms of increasing supplier knowledge of client requirements.
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