SUPPLIER SELECTION PROCESS Sample Clauses

The SUPPLIER SELECTION PROCESS clause defines the procedures and criteria by which a company evaluates and chooses suppliers for goods or services. Typically, this clause outlines the steps involved, such as issuing requests for proposals, assessing supplier qualifications, and comparing bids based on factors like price, quality, and reliability. Its core function is to ensure a transparent, fair, and consistent approach to selecting suppliers, thereby reducing the risk of bias or inefficiency in procurement decisions.
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SUPPLIER SELECTION PROCESS. Supplier selection shall be conducted exclusively by the Procurement Department in close collaboration with the Development, Project Management, Quality Assurance, Logistics and Production Departments in the respective subsidiaries. A well-defined supplier approval procedure in our corporate group ensures that we only admit companies to our set of suppliers, which ascribe to our high standards and demand that their sub-suppliers do so as well. We classify our suppliers based on the goods and services delivered to us. Our selection process is based on the following criteria, inter alia :  risk assessment based on consistent, defect-free delivery to customers  relevant quality and delivery performance,  evaluation of the supplier’s quality management system,  financial stability,  complexity of the products, materials or services to be purchased,  required technology (product or process)  adequacy of the available resources (e.g. employees, infrastructure),  development expertise (including project management),  Manufacturing expertise,  change  management process,  business continuity planning (e.g. preparation for catastrophes, emergency planning  logistical processes, Among other things, delivery and packaging concepts  Customer care/ customer satisfaction/ customer orientation  results of supplier self-audit,  proof of adequate capacity,  Flexibility and delivery reliability  Workplace safety (work equipment, facilities, protective equipment, safety programmes and training)  Careful use of resources (minimisation of emissions and avoidance of environmental damage)  Continuous improvement of environmental performance  Energy efficiency - energy cost reduction  Use of renewable forms of energy  Sustainability  High availability of the plant park  Highly qualified employees for installation and maintenance of the equipment Prerequisite for the acceptance of a supplier in the area of production material, means of production, quality service providers/ laboratories and suppliers of dangerous substances is the successful completion of the qualification process (FO-088), in which the supplier proves that its own quality management systems comply with our requirements. Moreover, our supply partners must be willing to introduce a certified environmental, energy and occupational safety management system . Competitive performance at world market prices for the duration of commissioning is an essential prerequisite for a long-term partnershi...
SUPPLIER SELECTION PROCESS. Supplier selection shall be conducted exclusively by the Procurement Department in close collaboration with the Development, Project Management, Quality Assurance, Logistics and
SUPPLIER SELECTION PROCESS. 5.1 SOURCING PROCESS The sourcing process is conducted by cross-functional teams and is linked to the qualification process to get the feasibility commitment from suppliers before final supplier(s) selection. The supplier selection process consists in the following steps: Step 1: When new parts are to be sourced and potential suppliers are identified, Vitesco Technologies’ Purchasing representative forwards the Request for Quotation (RFQ) to Supplier. With the RFQ, Supplier receives a package with different documents (e.g. quality requirements, contracts, supplier component review template etc.). Step 2: Based on the feedback in the RFQ, Supplier is pre-selected for sourcing and negotiation starts. Step 3: Vitesco Technologies initiates a supplier component review (SCR) with pre-selected suppliers. Within this meeting, the feedback of supplier in the “supplier component review template” is discussed. Step 4: Based on the outcome of such SCR, the final suppliers are selected for sourcing.