Supplier Evaluation, Rating a Potential Vendor: ISO 9001
Madan Gopal Agarwal, Business Consultant, India, Member
A generic system for any Sector is ISO 9001 (Specific for Auto is ISO / TS 16949).
- Identify Critical Parameters
- Create Questionnaire on Business Strategy / Plan / Growth Perspective, Financial Capability and Soundness, Technical Competence, Managerial strength etc. of the Supplier
- Define weightings for each & Minimum Qualifying marks
- Discuss with Supplier
- Rate the Supplier
- Calculate the overall rating and compare with minimum marks.
In case of gap, discuss with Supplier, work out an improvement plan along with Time-frame and responsibilities.
Re-audit at agreed time and continue the process till result is realised. This can be one of the ways.