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What methods & parameters do you use to rate your contractors/vendors and how much weight (in percentage) is given to the various parameters?

Logistics Supply Chain Management Procurement Contracts Review
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Question added by Alexander Kurunthottical , 22+ Years of Procurement & Contracts Management , N A
Date Posted: 2014/02/09
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Azharuddin Mohammad
by Azharuddin Mohammad , Associated Vice President - Head SCM , IL&FS Engineering & Construction Company Limited

Vendor performance can be rated based on the following parameters

 

1. Conformity to Delivery Schedules - Delivery Performance - No of Days Delays

2. Compliance to Quality Standards - Rejections

3. Order Fullfilment - %ge of material delivered against order

4. Price Status - Rating based on other suppliers

5. Manufacturing flexibility - Ability to respond for immediate requirement 

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