Supplier evaluation is the systematic process of assessing and analyzing suppliers' performance, capabilities, and overall suitability to meet an organization's requirements. It involves collecting and analyzing data and information on various factors such as quality, delivery performance, cost competitiveness, financial stability, customer service, and compliance with relevant standards and regulations. Supplier evaluation helps organizations determine the strengths, weaknesses, and overall performance of suppliers, enabling them to make informed decisions about supplier selection, contract renewal, and ongoing supplier management. It serves as a basis for supplier performance improvement, risk mitigation, and maintaining a reliable and efficient supply chain.