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How certify your suppliers?
Supplier relationship management is both a concept and a business practice. It requires new methods of working with key suppliers.
You should certify and approve your suppliers carefully. After certification, you then need to manage your supply chain just as diligently as your operations department manages its supply chain for products and services.
How to Certify Vendors
There is no cast in stone supplier certification method. You can create your own benchmarks and standards. However, there are some proven suggestions for your certification features:
Perhaps more important than any other factor, it pays to look for evidence of financial stability with each proposed vendor. You’ll want to avoid a vendor with financial problems that detract from the quality, reliability, and services – which then become your company’s problems.
Your Quality Management System & Metrics for Grading Suppliers
By creating metrics that measure suppliers’ performances, quality service can be fully embedded in your program. Likewise, documented processes should be put in place to monitor, measure, and manage the quality of your suppliers. Following are some sample supplier metrics you should consider from the perspective of your company.
Metrics should be implemented using the following methods:
BMS LLC can assist you with your Supply Chain Management system and Certification Program.
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