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* Quality
* Commitment
* Time (speed of supplying)
* Cost
1- Vendor capacity to provide material as per requirement
2- Quality consistency
3- Price commitment for certain period
4- Service reliability
The process of evaluating a manufacturer/vendor is complex and is based on multiple criteria. However, the following four are the most important.
Product And Process Technologies
Quality
Capacity
Service Reliability
capability / strengths.
capaciies
compliance
pricing
This would depend on the Category of product you are trying to source and the criteria but in general it would be:
- Committment to deliver on time and meet the specs
-Service Quality and after sales
-Market share and the suppliers clientele
-Pricing, specially in todays business environment.
Quality
Cost
Delivery
Capabilities / Gurantee
Top4 Criteria for evaluating Vendors/Manufacturers
1.The OEM Brand and its features / Quality delivered by Vendor and his Authenticity for the make.
2. Vendors Capacity and credibility and Financial Status
3. Vendors Technical support Services POST purchase and Products commitment delivery
4.Feedback about the vendor for Products/services its costing from the clients using their products and services.
As per my view these are top criteria for evaluating supplier.
1. Quality System ---- ISO, QS
2. Ability to meet current and potential requirement and desired delivery schedule.
3. Financial Stability
4. Supplier track record for business performance improvement.
Availability
Quality
Delivery time
Price
The top4 criteria for evaluating supplier
* Quality
*Availability
* Cost
*Supplier service & responsiveness
QHSE
Creditability - financial statements
Experience, working history and achievements
KPI and timelines
