Supplier Evaluation
The concept reviews the process of evaluating and approving potential suppliers by providing a description of the process and measurement methods for the assessment of current and potential suppliers.
Technique Overview
Supplier Evaluation Definition
The term 'supplier evaluation' can refer to the process of evaluating and approving potential suppliers by factual and measurable assessment (Roylance, 2006). Supplier evaluation can also be viewed as a process applied to existing suppliers in order to measure and monitor their performance in order to reduce costs, mitigate risk and drive continuous improvement (Gordon, 2008). Sometimes the terms 'supplier evaluation' and 'supplier appraisal' are used interchangeably with (CIPS: How to appraise suppliers).
Supplier Evaluation Description *
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Business Evidence
Strengths, weaknesses and examples of Supplier Evaluation *
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Business Application
Implementation, success factors and measures of Supplier Evaluation *
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Professional Tools
Supplier Evaluation videos and downloads *
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Further Reading
Supplier Evaluation web and print resources *
Supplier Evaluation references (4 of up to 20) *
- Arsan, A. and Shank, A. (2011) Implementation Issues: An Analysis of Supplier Evaluation. [Online] Available at: scm.ncsu.edu/scm-articles/article/implementation-issues-an-analysis-of-supplier-evaluatio) [Accessed: 10 January 2012].
- Boudreaux, M. (2009) Evaluation and Reevaluation of Suppliers. Quality Digest. [Online] Available at: www.qualitydigest.com/inside/twitter-ed/evaluation-and-reevaluation-suppliers.html [Accessed: 10 January 2012].
- CIPS: How to appraise suppliers.
- Erridge, A., Fee, R. and McIllroy, R. (2001) Best Practice Procurement: Public and Private Sector Perspectives. Gower Publishing.
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