Supplier evaluation

Supplier evaluation is a tool used by many firms to differentiate and discriminate among suppliers. Supplier evaluations often involve report cards in which potential suppliers are rated based on different criteria such as quality, technical capability, or ability to meet schedule demands.

Definition

According to Managing Quality by Foster (6th edition),

Supplier evaluation. A tool used by many firms to differentiate and discriminate among suppliers. Supplier evaluations often involve report cards in which potential suppliers are rated based on different criteria such as quality, technical capability, or ability to meet schedule demands.