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VENDOR SOURCING

Globalization has brought a new level of complications to every supply chain. Quality of the product plays a very important role in an organization or any enterprise. It is very difficult and time consuming to monitor the vendor or supplier as they are widely spread all over the world. Manufacturers ensure that the process of vendors and suppliers meet all the requirements of the standard and regulations which directs them. In case of new vendors it becomes difficult to believe whether they will provide the better quality products by meeting the requirements of the standard. Therefore there is a need of highly qualified third party who can assess the vendors all around the globe. It will make sure that customers are provided with the better and expected quality of the food products.

Choosing assessment vendor includes the following steps:

• Define your needs.
• Research vendors who can meet these needs.
• Zoom in on the best matches.
• Perform due diligence.
• Begin implementation.

Vendor assessment helps to improve the supply chain. The audit process helps the organization in reducing the risk and taking preventable measures in case any defect is found in the product. By finding and correcting problems before they cause any harm to the consumer, the audit process helps to avoid the risk, failure of the service or compliance issues.

Benefits of vendor assessment:

• Detailed information on existing and potential vendors.
• Better communication with vendors.
• Developing a performance based culture.
• Requiring specific action to correct identified performance weaknesses.
• Providing overall control of the vendor base.
• Establishing continuous review standards for vendors, ensuring improvement of vendor performance.
• Evaluate capabilities of potential new vendors as part of the supplier selection process.
• Identification of key strengths and weaknesses of existing vendor base.
• Building vendor partnerships, especially with suppliers having strategic links.

While choosing a vendor following points should be kept in mind:

1. Established.
2. Metrics focused.
3. Flexible.
4. Technology centered
5. Detail oriented.
6. Properly staffed.
7. Value focused.

Please feel free to call us or write us at our mail id- info@uqcglobal.com for any query and also get more information about your requirement from UQC Global Certification Mobile: +919811561179, +918744059001, www.uqcglobal.com.