Supplier Rating - Tools

Tools

Some of the challenges associated with supplier evaluation may be mitigated by the use of appropriate tools. For simple projects a spreadsheet can be used. But as evaluations become more complex or more frequent data management and data integrity issues become significant. Web Electronic RFP / Tendering systems are often used for initial selection projects. Some products provide functionality for combining both initial selection and ongoing evaluation and benchmarking.

Read more about this topic:  Supplier Rating

Famous quotes containing the word tools:

    Man is a tool-using animal.... Without tools he is nothing, with tools he is all.
    Thomas Carlyle (1795–1881)

    Think of the tools in a tool-box: there is a hammer, pliers, a saw, a screwdriver, a rule, a glue-pot, nails and screws.—The function of words are as diverse as the functions of these objects.
    Ludwig Wittgenstein (1889–1951)

    There is a great satisfaction in building good tools for other people to use.
    Freeman Dyson (b. 1923)