How to evaluate suppliers?

One of the most important challenges facing supply chain managers is to conduct systematic supplier assessments. Of course, there is no one-size-fits-all model for assessing current and potential business partners. However, the vast majority base their assessment on QDCTM indicators. What are these indicators?

  QDCTM - This mysterious acronym is derived from the following words: Q - quality D - on-time delivery C - costs T - technology M - management Conducting assessments in the above-mentioned areas allows the selection of suppliers that guarantee materials and products of the right quality, ensure timely delivery and allow price competitiveness to be built. The assessment also allows confirmation to be obtained of whether suppliers have the right technological background and management expertise - elements necessary to build a business relationship at the expected level.

What are the benefits of conducting an assessment?

Regular evaluation based on indicators QDCTM allows us to identify most of the opportunities and risks associated with supply chain management. Thanks to this comprehensive approach, we can design risk mitigation activities and develop suppliers in the areas of most interest to us, taking into account, for example, innovation or CSR. The result of such action is an organisation that is far better prepared for situations that may have a negative impact on its business and financial performance. Assessments also allow the organisation to classify suppliers and select those with whom it is worth developing relationships (e.g. through supplier development programmes) and those with whom relationships should be discontinued. Eveneum consultants help clients to carry out professional supplier assessment. With their support, organisations are able to select the best suppliers and build long-term relationships with them based on mutual benefits. We would be happy to help you too. Feel free to contact us.