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Supplier Selection Criteria
Supplier selection criteria are a set of predetermined factors or attributes used to evaluate and assess potential suppliers during the procurement process. These criteria help organizations make informed decisions when choosing suppliers that best meet their requirements.

Typical supplier selection criteria include factors such as price competitiveness, quality and reliability of products or services, financial stability, delivery capabilities, compliance with regulations and standards, technical expertise, past performance, sustainability practices, and compatibility with the organization's values and goals. These criteria serve as benchmarks for evaluating and comparing suppliers, ensuring that the chosen supplier aligns with the organization's needs and contributes to its overall success.
Specialism:
Sourcing Supplier Management