How regularly do you do a supplyer audit for your A-supplyers?
I am wondering how regularly you do a supplyer audit? Do you go and visit your A-supplyers once a year or more often or even less?
Have a nice weekend!
For you most important suppliers there should be constant performance management. Setting up a recurring once a year visit simply isn't enough.
Reviews should occur quarterly and it is important to obtain feedback against KPIs from internal stakeholders. I like to include at least one major internal stakeholder in those meetings. In terms of audit. This is not always included in the contract. It depends on scope of work or services. Where applicable I would try to do one audit per contract life cycle.
We Should analyze the vendor Rating on the basis of their performance parameters i.e. Lead time, quality, price etc on each quarter basis, this will help a lot to make you best vendor base for the organization.