Supplier evaluation and supplier appraisal are terms used in business and refer to the process of evaluating and approving potential suppliers by quantitative assessment.[1] The aim of the process is to ensure a portfolio of best-in-class suppliers is available for use,[2] thus, it can be an effective tool to select suppliers in the awarding stage of an auction.[3] Supplier evaluation can also be applied to current suppliers in order to measure and monitor their performance for the purposes of ensuring contract compliance, reducing costs, mitigating risk and driving continuous improvement.[4]
^Mahmoudi, Amin; Javed, Saad Ahmed (2022). "Probabilistic Approach to Multi-Stage Supplier Evaluation: Confidence Level Measurement in Ordinal Priority Approach". Group Decision and Negotiation. 31 (5): 1051–1096. doi:10.1007/s10726-022-09790-1. ISSN 1572-9907. PMC 9409630. PMID 36042813.
^Roylance, D. (2006), Purchasing Performance: Measuring, Marketing, and Selling the Purchasing Function, Gower Publishing [page needed]
^Decarolis, Francesco; Pacini, Riccardo; Spagnolo, Giancarlo (2016). "Past Performance and Procurement Outcomes". The National Bureau of Economic Research. Working Paper Series. doi:10.3386/w22814. S2CID 168558983.
^Sherry R. Gordon (2008). Supplier evaluation and performance excellence: a guide to meaningful metrics and successful results. J. Ross Publishing. p. 232. ISBN 978-1-932159-80-6.
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