Supplier Identification & Qualification
Supplier identification and qualification is a crucial aspect of global sourcing and procurement. It involves the systematic process of identifying and evaluating potential suppliers to ensure they meet the specific requirements and criteria of a business. This process helps businesses select reliable and capable suppliers that can effectively meet their procurement needs and contribute to their overall business objectives.
The supplier identification and qualification process typically involves the following steps:
- Needs Assessment
- Market Research
- Supplier Pre-Qualification
- Request for Information
- Request for Proposal
- Evaluation & Selection
- Supplier Validation
- Transparency & Reporting