Define methods used to monitor supplier performance, Business Economics

Define methods which can be used to monitor supplier performance.

Methods to monitor supplier performance are as follows:

a. Approval of designs: The organisation comments on, its studies and at last approves designs, requirements, drawings and so many.

b. Progress meetings: These must be regular and/or tied to the completion of important deliverables.

c. Witnessing tests: To check which subcontracted products meet their design requirements.

d. Receipt of goods: Properly checking goods received to make sure that they are what were ordered, in the correct quantity and quality.

e. Checking invoices: To make sure that they are in accordance along with contracts and purchase orders and which the goods or services invoiced for have been given.

f. Risk management: Check onto how the subcontractor manages risk and assessing some risks which could impact onto the organisation or chief contractor.

g. Managing the customer interface: making sure that customers only talk to subcontractors by the organisation or major contractor.

Posted Date: 9/3/2013 7:36:18 AM | Location : United States







Related Discussions:- Define methods used to monitor supplier performance, Assignment Help, Ask Question on Define methods used to monitor supplier performance, Get Answer, Expert's Help, Define methods used to monitor supplier performance Discussions

Write discussion on Define methods used to monitor supplier performance
Your posts are moderated
Related Questions
Harvard Business Review Case Study 9-572-029 Fisher Price Toys... Need help with the following questions: 1. Should Fisher Toys lauch the ATV Explorer? 2. What price tag should the

how the concept of elasticity used for decision making

How does economic theory contributes to managerial decisions?

to explain in detail how to get five rights in procurement and supply

Find 1-3 articles that discuss the competition between Target and Walmart.

What are the advantages of informal economy? Advantages of the informal sector: • Employment, opportunities and income. • Offers cheap inputs for the formal sector •

How much power or influence does a U.S. President versus a company CEO actually have in a free enterprise system, when it comes to producing jobs or the decision to manufacture co

What is all about The Optimal Rule

What is urbanisation? Urbanisation arises while an increasing proportion of the population live into cities, suburbs or towns. All cities are attractive to potential migrants s

Problem: i) Evaluate the following statement: "The First Theorem of Welfare Economics states that as long as producers and consumers act as perfect competitors and there ar