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Vendor Rating |
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Description of Vendor Rating. Explanation. |
Definition Vendor Rating. Description.
Vendor Rating is a system used by buying organizations or industry analysts to record, analyze, rank and report the performance of a supplier in terms of a range of predefined criteria, which may include such things as:
If vendor rating is carried out before the placement of an order, it is also known as Supplier Evaluation. When undertaken after order fulfillment, it is also referred to as Supplier Rating.
Compare with: Kraljic Model | Vendor Managed Inventory | IC Rating | Credit Rating | Behaviorally Anchored Rating | Corporate Governance Rating |
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End of description Vendor Rating. An explanation. |
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