Define methods used to monitor supplier performance, Business Economics

Assignment Help:

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.


Related Discussions:- Define methods used to monitor supplier performance

Characteristics of developed to less developed countries, What are the char...

What are the characteristics of developed countries applied to Less Developed Countries? Some of Kuznets' characteristics of a DC (developed countries) can be applied to LDCs (

What are the restrictions of dependency theory, What are the restrictions o...

What are the restrictions of dependency theory? The restrictions of dependency theory: • Self sufficiency and import-substitution strategy mean the advantages of Internatio

Find the conversion order for investors, Consider the following four CP inv...

Consider the following four CP investors: Series A: $5m FV (and 2X liquidation preference) or converts to 5m shares; Series B: $10m FV or converts to 8m shares; Series C:

Calculate the standard error, The Wallpaper Shop, Inc., is a rapidly growin...

The Wallpaper Shop, Inc., is a rapidly growing chain of wallpaper shops that caters to the do-it-yourself home remodeling market. During the past year, 15 stores were operated in s

Explain, Explain, using the example of museum visits, own price, cross-pric...

Explain, using the example of museum visits, own price, cross-price and income elasticity of demand; consider own price elasticity for various demographic groups. Use diagrams wher

Formulate qualitative forecast, Suppose you are the only market analyst in ...

Suppose you are the only market analyst in your company's management team. Your company belongs to the energy industry. It is an oil and gas company engaged in the exploration, d

Less developed countries economies grow by secondary sector, Define economi...

Define economies grow of less developed countries by developing its secondary sector. Less developed countries economies grow by developing its industrialising: Manufacturi

Compute the lp cost for investment, Suppose that EBV is considering a $5m S...

Suppose that EBV is considering a $5m Series A investment in Newco. EBV proposes to structure the investment as 5m shares of CP with FV of $5m, one-to-one conversion to common, and

Define the using influences of contract staff for is project, Define the us...

Define the using influences of contract staff for IS project. Use of contract staff: Such are frequently an unknown quantity.  It is reasonable to assume that people who

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd