Define methods used to monitor supplier performance, Business Economics

Assignment Help:

Define methods which can be used to monitor supplier performance.

Methods to monitor supplier performance are as follows:

a. Approval of designs: The organisation comments on, its studies and at last approves designs, requirements, drawings and so many.

b. Progress meetings: These must be regular and/or tied to the completion of important deliverables.

c. Witnessing tests: To check which subcontracted products meet their design requirements.

d. Receipt of goods: Properly checking goods received to make sure that they are what were ordered, in the correct quantity and quality.

e. Checking invoices: To make sure that they are in accordance along with contracts and purchase orders and which the goods or services invoiced for have been given.

f. Risk management: Check onto how the subcontractor manages risk and assessing some risks which could impact onto the organisation or chief contractor.

g. Managing the customer interface: making sure that customers only talk to subcontractors by the organisation or major contractor.


Related Discussions:- Define methods used to monitor supplier performance

Supply and demand, how can I show the supply and demand of internet hubs?

how can I show the supply and demand of internet hubs?

Quantity of salt demanded, why does the quantity of salt demanded tend to b...

why does the quantity of salt demanded tend to be unresponsive to changes in its price?

Define ACWP- BCWP and BCWS in economics, Define given terms: Actual Cost of...

Define given terms: Actual Cost of Work Performed (ACWP); Budgeted Cost of Work Performed (BCWP); Budgeted Cost of Work Scheduled (BCWS). • ACWP is the amount of attempt (exp

ASSIGNMENT, What is a bowed out shape? Why does a production possibilities...

What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?

What is meant by the factor endowment theory, Question 1: a) Explain, ...

Question 1: a) Explain, with the use of examples, what is meant by the ‘Factor Endowment Theory'. b) According to you, can the ‘Factor Endowment Theory' be a reasonable e

Explain the relationship between types of risk action, Explain the relation...

Explain the relationship between types of risk action and where each might be utilized. Risk actions are of mainly two types: avoidance actions and mitigation actions: Avoi

Why is not aid improving development, Why is not Aid improving development?...

Why is not Aid improving development? Aid not improves development because: • Aid is spent on current consumption • It is spent on unsuitable capital as opposed to suitab

Explain the concepts of scarcity and opportunity cost, QUESTION (a) Usi...

QUESTION (a) Using diagrams where appropriate, explain the concepts of scarcity, choice and opportunity cost. (b) Distinguish between positive and negative externalities, il

Define the difference between effort and elapsed time, Define the differenc...

Define the difference between effort and elapsed time. What is the importance of this difference for project planning purposes? Effort is the whole volume of work included in a

NPV, How do I calculate NPV with benefits and costs?

How do I calculate NPV with benefits and costs?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd