What is meant by Supplier classifications?
The term "supplier classifications" refers to the categorization and evaluation of suppliers based on various criteria such as performance, reliability, quality, and strategic importance to a company. The goal is to classify suppliers into categories to streamline collaboration and minimize risks.
Typical software functions in the area of "supplier classifications":
- Criteria definition: Definition of evaluation criteria for supplier performance, e.g., quality, price, delivery time.
- Evaluation methods: Application of various methods for evaluating suppliers, such as point systems or scorecards.
- Performance monitoring: Continuous monitoring of supplier performance based on defined criteria.
- Risk management: Identification and assessment of potential risks in the supply chain posed by suppliers.
- Reporting: Creation of reports and dashboards to visualize supplier evaluations and classifications.
- Collaboration and communication: Platform for communication and collaboration with suppliers to improve performance.
- Audits and compliance: Management of audits and ensuring compliance with regulations and standards by suppliers.
- Supplier development: Initiation of measures to enhance performance and collaboration with suppliers.
