supplier rating
process of evaluating and approving potential suppliers as well as measuring and monitoring current suppliers for performance and compliance, in order to reduce costs, mitigate risk and drive continuous improvement
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supplier rating
Summary
Key Facts
- supplier rating is a type of risk assessment[1].
- supplier rating is a type of evaluation[2].
- supplier rating is part of operational risk management[3].
Body
Definition and Type
Recorded subclass of include risk assessment[1] and evaluation[2].
Use and Application
supplier rating is part of operational risk management[3].