Supplier Evaluation

Supplier evaluation is a systematic process in which companies assess the performance of their suppliers based on criteria such as price, quality, delivery reliability, innovation capability, and compliance. Companies use these evaluations to monitor supplier performance, identify weaknesses, and make strategic decisions about future business relationships.

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Relatico offers a platform that allows companies to automate and efficiently manage supplier evaluations through centralized data management. A good evaluation system helps companies reduce risks, optimize costs, and ensure the quality of their supply chain.

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For example, a company might evaluate its suppliers annually to ensure they continue to meet requirements and to detect potential risks such as quality issues or compliance violations early. Bernd Neufert, with his extensive experience in strategic procurement, emphasizes the importance of structured supplier evaluations to build long-term partnerships and secure business success.