"Supplier qualification" refers to the process of assessing suppliers' capabilities to meet a company's requirements and consistently provide products or services. The goal is to ensure that suppliers meet standards and expectations regarding quality, reliability, price, and other criteria.
Supplier Evaluation: Assessing suppliers' performance and capabilities based on defined criteria such as quality, delivery reliability, and cost.
Audit Management: Planning, conducting, and tracking supplier audits to verify compliance with standards and specifications.
Document Management: Managing and revising supplier documentation such as contracts, certificates, and quality documentation.
Risk Management: Identifying and evaluating risks associated with supplier relationships, including financial, operational, and legal risks.
Supplier Development: Initiating and managing actions for continuous improvement of suppliers' performance and capabilities.
Compliance Monitoring: Monitoring compliance with legal requirements and company policies by suppliers.