Supplier qualification

What is meant by Supplier qualification?

"Supplier qualification" refers to the process of assessing suppliers' capabilities to meet a company's requirements and consistently provide products or services. The goal is to ensure that suppliers meet standards and expectations regarding quality, reliability, price, and other criteria.

Typical software functions in the area of "supplier qualification":

• Supplier Evaluation: Assessing suppliers' performance and capabilities based on defined criteria such as quality, delivery reliability, and cost.

• Audit Management: Planning, conducting, and tracking supplier audits to verify compliance with standards and specifications.

• Document Management: Managing and revising supplier documentation such as contracts, certificates, and quality documentation.

• Risk Management: Identifying and evaluating risks associated with supplier relationships, including financial, operational, and legal risks.

• Supplier Development: Initiating and managing actions for continuous improvement of suppliers' performance and capabilities.

• Compliance Monitoring: Monitoring compliance with legal requirements and company policies by suppliers.