Vendor qualification

More and more in all markets public and private clients need to assess in advance vendors that are most appropriate to supply services or goods. The output of such analysis is the vendor rating based on impartial criteria. Vendor qualification ensures to all candidate suppliers maximum transparency, objectivity and equal treatment.

The activity is carried out in accordance with the RINA governance model, which safeguards impartiality and prevents conflict of interest situations.

Service details

Setting up, managing and updating the vendor list make negotiation processes more efficient and ensure better performance of service level agreements. The main valuable supports for the procurement department are:

• definition of suppliers’ criteria
• management of the vendor lists
• assessment of vendor capabilities, as such as technical capability, workload capacity, management of QHSE, economic and financial robustness.

Deliverables

This service is usually developed through:

• economic and financial assessment (balance sheet, profit and loss, financial index analysis), to obtain a preliminary snapshot of the company
• visits on site to check quality, environment, health and safety management systems
• feedback of previous performances with reference to punctuality, quality, safety, fairness and reliability of products purchased or the services provided.

RINA adopts the assessment criteria of the client or we can both assist them to define the procedures and criteria for supplier qualification and specific tools.

Why RINA?

We act as third independent party ensuring reliable output to the Client. International Network allows us to provide inspections worldwide.