Supplier qualification refers to the process of evaluating and assessing potential suppliers to determine their suitability and capability to meet the organization's requirements. It involves gathering information, conducting due diligence, and assessing various factors such as financial stability, quality management systems, production capacity, technical expertise, compliance with regulatory standards, and adherence to ethical and environmental practices.
Supplier qualification aims to ensure that selected suppliers possess the necessary resources, capabilities, and commitment to deliver products or services of the desired quality, on time, and at competitive prices. It helps organizations minimize risks, select reliable and capable suppliers, and establish a solid foundation for successful supplier relationships.
Specialism:
Supplier Management