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World Class Procurement Definitions A forum for defining key terms / definitions as it applies to World Class Procurement and Supply Chain Management

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Old 08-18-2006, 09:49 PM
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Default Supplier Performance Evaluation
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The main objective of the supplier evaluation process is to reduce purchase risk and maximize the overall value for the purchaser. It typically involves evaluating, at a minimum, supplier quality, cost competitiveness, potential delivery performance and technological capability. Some of the other criteria used in the preliminary evaluation of suppliers include financial risk analysis, evaluation of previous performance, and evaluation of supplier provided information.

Source: Monczka, R., Trent, R., & Handfield, R. (1998). Purchasing and Supply Chain Management. Cincinnati, OH: South Western College Publishing.
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Old 08-18-2006, 10:04 PM
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Default Re: Supplier Performance Evaluation
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Well, agree with above but would also add:

Supplier Performance evaluation provides an objective baseline against which ongoing performance improvement initiatives can be:
1. Identified
2. Measured
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