Supply Chain Consultants // Management Services

Supplier Rating Systems

A supplier or vendor rating system is a continuous management process, designed to measure, evaluate and improve supplier performance, enabling companies to make informed future sourcing decisions.

In affect, a supplier or vendor rating system will allow a company to benchmark their supplier's performance against the performance of similar suppliers serving the company.

Often online, the process can also be used to provide extremely important and useful feedback to suppliers in order to identify action plans and improvement opportunities.

Rating systems are often designed to meet the specific objectives and priorities of the business with suppliers being measured against a standardized and weighted points scale.

If you require any further information about our project management services or wish to know how our supply rating systems might benefit your company, please e-mail Paul McVeigh at paul.mcveigh@supplychainconsultants.co.uk or alternatively telephone Paul on 44 (0)1788 541505

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