Vendor Rating Usages

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Vendor Rating Usages
K B RAO, Member
Any organization who carries out any activities to meet customer requirements expects information on his performance. Vendor rating meets this with respect to the supplier performance. Supplier improvement can be measured and monitored and rewarded on the basis of the supplier rating on a continual scale. Deleting a supplier from the approved supplier list can also be done on the basis of supplier rating. Supplier is always aware of his performance on various criteria and weightages.



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