Supplier evaluation is one of the most basic forms of supply chain risk management. It allows you to identify the weakest links in your supply chain – be it individual underperforming suppliers or general topics that are neglected by most organisations.
Gathering the key information about your suppliers allows you – at the very least – quickly react to new situations by identifying the suppliers that may be affected by negative impact of any given event (e.g. quick list of suppliers in a region affected by flooding). By broadening the supplier evaluation criteria you will be able to identify suppliers that may cause problems in the future and you can use additional mitigation actions to develop the suppliers in order to reduce the risk in the future.
Meercat helps you to get the most value out of supplier assessment through functions that allow you to integrate it throughout the complete life-cycle of the supplier: from supply marketing to phase-out. You can use it to inform suppliers about your minimum standards, easily obtain information about their organisations, continuously evaluate their performance, set improvement tasks and streamline the supplier phase-out process.