Inspectioneering
Inspectioneering Journal

Supplier Technical Assessments

By James Cheng at Bureau Veritas. This article appears in the September/October 2016 issue of Inspectioneering Journal

Introduction

Buyers, who may be owners, operators, contractors and/or engineers, are facing a variety of new constraints and challenges with their supply chains. As such, supplier risk management has become more critical than ever before for purchasers. An innovative and cost effective way to qualify suppliers is required for purchasers to establish confident, successful trading relationships with suppliers. Having a systematic, proven methodology for effectively qualifying suppliers is extremely important. Supplier Technical Assessments, or “vendor assessments,” help buyers evaluate suppliers’ qualifications when considering their capabilities to manufacture specified industrial components or provide the desired services. Supplier technical assessments are generally carried out by a second party, focusing on suppliers’ technical and manufacturing capabilities.

Supplier Technical Assessments

For decades, U.S. buyers have purchased goods from around the world, especially from those countries with lower labor costs. While economically advantageous in certain instances, buyers must be proactive to ensure their orders meet their specifications and quality standards. Quality and on-time delivery are critical.

This content is available to registered users and subscribers

Register today to unlock this article for free.

Create your free account and get access to:

  • Unlock one premium article of your choosing per month
  • Exclusive online content, videos, and downloads
  • Insightful and actionable webinars
GET STARTED
Interested in unlimited access? VIEW OUR SUBSCRIPTION OPTIONS

Current subscribers and registered users can log in now.


Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Interested in equipment reliability & integrity? Sign up for weekly updates.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.