An industry-shared Vendor Performance Evaluation system delivers higher transparency, reliability and assurance of the entire supply chain. Access to vendor performance evaluations aggregated across multiple Buyer organizations and communicated to Vendors in order to drive improvements. Since 2018 – SupplHi is piloting the definition of a safe industry-shared Vendor Performance Evaluation system – also assessing the utilization of Blockchain technology – that creates value for both Vendors and Buyers.
The utilization of the same SupplHi methodology and system for the collection of Vendor Performance Evaluations allows the sharing of comparable information among different Buyer organizations.
As part of the “Golden Rules” of the network two approvals are required within each Buyer organization to ensure objectiveness. A minimum of three observations by three different Buyer organizations are required to ensure anonymity and relevance
More information on Vendors
More data points on a specific category of supply of the Vendor allow data to reach statistical relevance, visualizing trends and reducing confirmation bias within Buyer’s organizations.
Information on new Vendors
Buyer organization have access to Vendor Performance Evaluations also on vendors without direct experience with their organization, including sub-vendors (e.g. foundries, forges, …)..
Used by the entire supply chain
Buyers from all over the world and of all sizes and of all supply chain levels (End-Users, Contractors, Component Manufacturers, Service Providers, …) contribute with their Evaluations.
Shared with Vendors
The aggregated Evaluations are shared with the Vendor helping it to know where to grow to better satisfy buyers’ needs and understand its relative positioning in the category of supply.
Increase supply chain transparency
Buyer organizations – by sharing their Evaluations – influence the entire supply chain by increasing transparency and guidance for Vendors’ growth and help mitigating risks of the industry.
The tracking of the Buyer organization, project and business function that left the Evaluation help to aggregate the results in clusters (e.g. supply to Renewable Projects for SME Buyers) to improve readability.
Voice to the Vendor
Vendors are able to leave comments regarding their corrective actions being put in place. This way, Buyer organizations gain further insights into why the Vendor is performing in a certain way.
Client is an End-User of Power Plants with operations mainly in Southern Europe and 3000 employees.
Client is looking for a tool to increase the performance of its supply chain, by communicating the areas of strengths and weaknesses to each Vendor.
Individual Vendor Performance systems have an extremely low number of data points and information is collected only on Vendors that have direct experience with Client.
The result of the SupplHi Performance Evaluation’s industry-shared tool are communicated to Vendor in order to drive its improvements.
Discover other Solutions
Access to Vendors’ basic information that are immediately available on the SupplHi platform across the geographies and categories of supply of your interest.DISCOVER
Vendor Information assurance
Access to information provided free-of-charge by Vendors on SupplHi, made visible after the constant quality assurance and expedite by the SupplHi Team.DISCOVER
Vendor Qualification management
Manage and track your Qualification evaluation and approval processes related to a Vendor in a specific category(ies) of supply and production location(s).DISCOVER
Plan, generate and share with the industry reports of qualification assessment visits at Vendor’s production locations based on the standard model created by SupplHi.DISCOVER
Vendor Lists management
Create, follow and share any type of List of Vendors - e.g. Company Master Vendor List, Project Vendor Lists - performing quick matching among them.DISCOVER
Vendor Performance Evaluation – Individual use
Manage performance evaluation processes of your Vendors through effective surveys evaluated and approved by colleagues during the lifecycle of the supplies.DISCOVER
Vendor Financials and Compliance
Access to Financials and Compliance data - including rating indicators - on your Vendors and Sub-Vendors, integrated in a single vendor management system.DISCOVER
Supply Chain Sustainability
Monitor the Sustainability performances of your Vendors and Sub-Vendors - covering Human Rights, Environment, Local Content, Ethics, Circular Economy.DISCOVER
Vendor Campaigns and RFIs
Launch and manage campaigns to a highly-targeted audience of Vendors - e.g. by Category of supply, geography - to request clarifications or information.DISCOVER