Vendor / Supplier Rating
The concept describes how a vendor/supplier rating system operates and reviews its main advantages and disadvantages. The concept also explores the benefits and success factors of different vendor rating systems.
Technique Overview
Vendor / Supplier Rating Definition
A vendor rating system also referred to as a supplier rating "complements the evaluation and accreditation system in that it measures the performance of approved suppliers on an ongoing basis". It also allows for meaningful feedback in order to improve supplier performance (Roylance, 2006:56).
Vendor / Supplier Rating Description *
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Business Evidence
Strengths, weaknesses and examples of Vendor / Supplier Rating *
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Business Application
Implementation, success factors and measures of Vendor / Supplier Rating *
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Professional Tools
Vendor / Supplier Rating videos and downloads *
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Further Reading
Vendor / Supplier Rating web and print resources *
Vendor / Supplier Rating references (4 of up to 20) *
- Avery, S. (2006) Toyota Commits To Suppliers in the U.S. Purchasing, 16 Novemeber.
- Bossert, J.L., Blank, A. and Margetson, B. (2004) Basic Issues: Supplier Rating. In J.L. Bossert (ed.) The Supplier Management Handbook. American Society for Quality, Quality Press, Milwaukee.
- CIPS: Appraisal and Performance Monitoring of Suppliers.
- Cousins, P. (MBS) & CIPS: Relationship Management.
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