SupplHi Terminology

Access a glossary of the standard terminology we use in our everyday operations

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  • Admin Registered
    Pre-registered by the SupplHi Team based on presence on vendor lists and public info, their company profile include basic information
  • Agent
    Companies that represent your company and act on its behalf in certain geographies to increase sales.
  • Application Programming Interfaces (API)
    Communication protocols and tools for building software. In more general terms, they are a set of clearly methods of communication between various component or programs. At SupplHi we leverage on APIs to connect the SupplHi.com digital ecosystem to client systems.
  • Assessment Visit
    Assessment performed at the Vendor's premises, regarding the Vendor's managerial, organizational, technological, productive and logistic capabilities. Other relevant information about the Vendor is also collected, summarized and evaluated. It may be outsourced / co-delivered with a reputable third party, in agreement with the Buyer on whose behalf the qualification is being performed.
  • Brand
    These can be Brands owned and distributed by your company or Brands your company represents as a trader or agent.
  • Broker / Dealer / Stockist / Trading House
    It comprises: Vendors that buy and resell Goods or Services, without being involved in the manufacturing or the Contractor activity; Vendors that represent one or more manufacturers and resell their products; Vendors that do not directly produce Goods but buy and stock them for future sales.
  • Category Analyst
    Professional role that acts as a pivot in the entire process of managing information and the relationship with Vendors. The resources are also in charge of managing the Vendor qualification process, which includes coordinating the Pre-Qualification and Qualification Process, Feedback and Assessment Visit.
  • Category of supply
    A term used to identify either a Good or Servirce that is part of the
  • Commercial Subsidiary
    A company that is owned or controlled by the parent or holding company. Subsidiaries are separate and distinct legal entities from their parent companies, which reflects in the independence of their liabilities, taxation and governance. The term Commercial indicates that this type of subsidiary mainly has commercial and business development purposes rather than a manufacturing-type role within the group.
  • Company Incorporation document
    Also known as a Certificate of Incorporation, this is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government or, in some jurisdictions, by a non-governmental entity.
  • Company Tax identification number
    Also known as the Value Added Tax (VAT) Registration number, this code is also issued by local governments for a company's tax identification purposes.
  • Digital Ecosystem
    A distributed, adaptive, open system with properties of self-organisation, scalability and sustainability inspired from natural ecosystems. In particular the SupplHi digital ecosystem is characterized by the existence of multiple business lines, managed to work together to achieve the compangy's goal of being a true one-stop solution for industrial players on all levels of the supply chain.
  • Division
    A division, also known as a corporate or business division, is a distinct part of a company that may operate under the same name and legal responsibility or as a separate corporate and legal entity under another business name.
  • EBIT
    Is a financial measure of a firm's profit that includes all incomes and expenses (operating and non-operating) except interest and income tax expenses.
  • EBITDA
    Is a financial measure calculated using a company's net earnings, before interest expenses, taxes, depreciation, and amortization are subtracted. It can be used as a proxy for a company's current operating profitability
  • Existing Qualifications
    Qualification procedures that the Vendor has already completed or is completing for clients (e.g. End-Users, EPC Contractors, Technology Licensors,...). This list does not refer to quality certifications such as ISO and OHSAS, but only procedures the Vendor has completed to enter clients'Vendor Lists.
  • Exposure in man hours
    The value that refers to total man hours worked by the company's employees in the given year.
  • Fatalities
    The number of deaths on the job within the given year.
  • Goods
    Any material, part, component, device, functional unit, piece of equipment, machine, apparatus, subsystem manufactured provided by a Vendor and needed for the activities of the Buyer. For the Buyer a Good typically becomes a capital equipment.
  • HSE
    Health, Safety and Environment
  • Lost Time Injuries (LTI)
    The total number of injures throughout the year that caused a suspension form work-related activities. In this case it refers strictly to the number of accidents, not the hours lost due to them.
  • LR
    Lloyd's Register
  • Manufacturer of Goods and/or Service Provider
    Vendor directly manufacturing / executing the Goods / Services / Subcontracts that it sells.
  • Manufacturing plant
    A factory or manufacturing plant is an industrial site,where workers produce goods or operate machines processing one product into another. It is important to indicate your company's main (or all) production facilities to better show Buyers your company's geographical coverage.
  • Near Miss
    An event that would have been an accident, but had no negative outcome due to protection systems adopted by the company or fortunate conditions.
  • Parent Company
    A parent company is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors. In the case of multinational companies the parent company can be in a different geography and there can be more "layers" of parent companies, in which case we refer to an Ultimate Parent company (e.g. an EMEA division can ben parent of all the European based subsidiaries, but the global HQ and ultimate parent might be in USA).
  • Qualification Process
    Evaluation process of the competences and capabilities of a Vendor, aimed at its inclusion in the List of Qualified Vendors. The Qualification Process is activated only upon request by a specific Buyer for a specified number of Categories, and it is executed only for that purpose.
  • References
    A collection of information regarding a Vendor's completed projects, used to show Buyers a proven track record of competences. At least 1 reference is required for each selected Category of supply when completing the
  • Registered
    Fully registered vendors, their company profile includes value-added information
  • Revenue Split
    An indicative split of a Vendor's revenue per category of supply, generally referring to the last 5-8 years of activity. Useful to give Buyers an instant snapshot in terms of the Vendor's capabilities, portfolio of goods/services and core business.
  • Revenues
    The income generated from the sale of goods or services, or any other use of capital or assets,
  • Services
    All services provided by vendors regarding the
  • Subsidiary for manufacturing / ops
    A company that is owned or controlled by the parent or holding company.
  • Super-User
    The first user who registers a new company on SupplHi automatically becomes its Super-User. Its responsibilities include: keeping the company profile updated and endorsing colleagues. The Super-User role can easily be handed over to a colleague at any time.
  • SupplHi.com
    The innovative
  • SupplHi.com Standard Categorization
    Classification of Goods and Services with the purpose of defining homogeneous Vendor-supply links.
  • Vendor
    Company that can supply Goods / Services.
  • Vendor Feedback
    Structured information relative to the Vendor's performance during the procurement cycle for selected Goods / Services.
  • Vendor PassportTM
    Collection, analysis and management of the information that provides insights on the capability of a Vendor to deliver a specific good or service.
  • Vendor Rating
    Structured information relative to the Vendor's assessment during the Assessment Visit.
  • Vendor Registration number
    The number issued to your company by your local government upon incorporation (e.g. in the UK it is the Companies House Number, in Italy this is also known as the REA number, in Brazil the CNPJ,...).
  • Vendor Scouting
    Activity usually performed upon request by a Buyer client looking to gain more information about the market in a specific geography or category of supply (e.g. ASEAN region Vendors producing Valves). The SupplHi.com platform is used to extract the necessary information about Vendors.
  • Web Service
    Common platform that allows multiple applications built on various programming languages to have the ability to communicate with each other. Web services usually orient a web-based interface to a database server, utilized for example by another web server, which provides a user interface to the end user.