What is the preferred list of suppliers?

In most large organizations, the department of public procurement for the creation and maintenance of the preferred list of suppliers corresponds. This list is provided by departments and purchasing officers who help in aspect of awarding orders or buying orders. The primary purpose of the preferred list of suppliers is to help the buyer in the selection of suppliers who have completed a thorough check process.

The process needed to add the supplier to the list of preferred suppliers varies according to the organization. Usually the required time and type of review is determined by the value of the dollar commodity. Most companies have a list of commodities that they have to buy regularly. The place of issue for a proposal (RFP) and the selection of one supplier is provided to employees by the preferred seller.ervices. Many companies use a rating service such as Dunn and Bradstreet® or rating companies specific to industry, to confirm the company's legitimacy and determine whether there are any known problems with the company.

In most companies, a thorough review of the supplier is completed before it is added to the list of preferred suppliers. The first step in this process is to present the completed application form by the supplier. The required information may include a copy of the financial statement, the volume of materials produced, the sources of parts, the union association and the list of company executives.

This information is reviewed by employees of public procurement, which are responsible for ensuring accurate. In addition to this collection of information, many companies require inspection of the site. During this process, a member of the Public Procurement Department participates in a detailed inspection of the facility, meets employees and reviews of quality assurance procedures.

It is not uncommon for companies to reconsider the preferred list of suppliers every three to five years. The purpose of the Inspectorate is to review any changes in procedures, suppliers and other RELEVanty information. If the company's quality is reduced, it can be removed from the list of preferred suppliers.

is the responsibility of employees of public procurement for management and monitoring the performance of the supplier. Reports of purchasing activities, invoices, problems and conscience are often collected quarterly and reviewed. The constant determination of supplier management is considered to be proven practice in the shopping organization.