¿How to Effectively Reevaluate a Supplier? 

To effectively reevaluate suppliers, you can establish indicators that provide proper monitoring of the supplier’s track record and performance. Some key indicators you can implement include:

• Quality: This indicator can include key points such as the percentage of returns and the compliance rate with the technical specifications of the products or services.

• Compliance: Compliance can be measured through factors like the average delivery time, punctuality, and the percentage of deliveries made within and outside the established timelines.

• Costs: For this indicator, you can establish benchmarks such as market price comparison, the percentage of cost variation, and the discounts or benefits obtained during the contract period.

• Answer’s capacity: This indicator also measures the supplier’s flexibility and resilience. Key points to consider could be the percentage of urgent or problematic orders successfully handled and the average response time to requests and inquiries.  

• Regulatory Compliance: This indicator is crucial to ensure that you are working with partners who comply with legal regulations and the documentation required by the purchasing company. Aspects such as the level of applicable regulatory compliance, checklist, and updates to the required documentation, as well as certifications obtained, can be measured (Download our supplier selection guide).  

Evaluating Indicators

These indicators can be effective in the supplier reevaluation and adjustment process. However, each organization is different, so these indicators can vary or be adjusted according to the selection needs of each company.  Suplos has for you the best network of suppliers within reach of your needs. ¡Learn more by clicking here!