Examples of Approved Vendor in a sentence
The Approved Vendor List shall be compiled for the following groups but not limited to them.
In order for a direct material supplier to be added to the SPX FLOW Approved Vendor list, the supplier’s product mustpass the First Article Inspection (FAI) process.
The suppliers on the Approved Vendor List shall be evaluated for their performance, based on laid down performance assessment methods as per ISO Procedure, covering the parameters of Quality & Delivery, in general.
In case the purchases have to be made from a vendor who is not on Approved Vendor List, under exceptional cases due to emergency, the said vendor can be approved by Head, MM Department in his capacity as being the competent authority.
However there also exists a need of registering new Vendors to the existing Approved Vendor List in order to have a broader base of suppliers, whenever so essential, keeping in view around six suppliers desirable for a particular group of items.