Common use of Supplier Evaluation Clause in Contracts

Supplier Evaluation. The Supplier shall be evaluated based on its performance. The evaluation process must be constantly mon- itored and is based on the latest version of Buyer procedure concerning Supplier evaluation available in the download area on the SumiRiko AVS homepage. If deficiencies can be determined during the evaluation, the Supplier is obligated to draw up and implement action plans with concrete goals, e.g. agreed ppm val- ues. The obligation to perform a self-evaluation remains unaffected hereby. Additionally to the monthly and consolidated half-yearly quality- and logistics performance evaluation, Buyer is using other criteria to classify and select its Suppliers (technology & facility, project management, cost level/competitiveness, innovation, support, know how/technical expertise,…) and reserves the right to re- quest current financial statements from the Supplier as well as product liability- and recall insurance related information (copies of valid policies) on a regular basis. The Supplier evaluation and classification shall be used as deciding factors for future business.