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Supplier evaluation and take-on is a continual process within purchasing departments, [5] and forms part of the pre-qualification step within the purchasing process, although in many organizations, it includes the participation and input of other departments and stakeholders. Most experts or firms experienced in collecting supplier evaluation ...
Supplier performance management. Supplier performance management (SPM) is a business practice which extends supplier evaluation, [1] and is used to measure, analyze, and manage the performance of a supplier in an effort to cut costs, alleviate risks, and drive continuous improvement. It is a function often associated with third party management.
PPAP is a series of documents gathered in one specific location (a binder or electronically) called the "PPAP Package". The PPAP package is a series of documents which need a formal certification / sign-off by the supplier and approval / sign-off by the customer. The form that summarizes this package is called PSW (Part Submission Warrant).
Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers' strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the ...
Evaluation is a costly process (often measured in hundreds of thousands of US dollars) – and the vendor's return on that investment is not necessarily a more secure product. Evaluation focuses primarily on assessing the evaluation documentation, not on the actual security, technical correctness or merits of the product itself.
Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
IATF 16949. IATF 16949:2016 is a technical specification aimed at the development of a quality management system which provides for continual improvement, emphasizing defect prevention and the reduction of variation and waste in the automotive industry supply chain and assembly process. It is based on the ISO 9001 standard and the first edition ...
International Suppliers Network. The International Suppliers Network is a system that logs and tracks vendors. Major companies such as General Motors often use the ISN to establish the "trustworthy" status of a new vendor. The ISN also allows companies to import a validated version of a vendor's details directly into their own procurement system.