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Diversity Supplier
A supplier whose business is
majority-owned by a member of a historically
disadvantaged group—or a member of the
disability community—with which an entity
contracts in an effort to help that supplier
gain economic representation that is in
accordance with its proportion in the larger
population.
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Inventory (Supplier Managed)
An inventory
management practice in which a supplier is
contracted to manage and control the entity's
inventory.
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Supplier
An individual or business that provides
goods or services, usually for other than lowcost,
low-risk, and short-term engagements.
See also: Vendor.
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Supplier Analysis
A review conducted of specific
suppliers to assess their qualifications,
availability, performance, past performance,
and product quality; to look at specific traits
and elements of that specific supplier as
opposed to the aggregate. See also: Market
Analysis, Demand Analysis.
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Supplier Development
A systematic
organizational effort to create and maintain a
network of competent and pre-qualified
suppliers.
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Supplier Evaluation
1. An objective analysis that evaluates the past
performance of current suppliers.
2. A preliminary assessment of new suppliers.
3. An evaluation of any or all of the capabilities
of a supplier that pertain to its competence as
a source of supply; suppliers are usually
evaluated on their technical quality, delivery,
service, cost, and managerial capabilities.
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Supplier Lead Time
The time that typically
elapses between when an order is received by
a supplier and when the material is shipped.
See also: Lead Time.
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Supplier Managed Inventory (SMI)
A form of
outsourcing whereby a contract is initiated
with a private business to manage and control
the inventory of the public entity. The
contractor is responsible for all inventory
functions, which may include re-ordering.
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Supplier Manual
A guide that provides the basic
instructions necessary to conduct business
with an agency. Developed by the agency, it
clearly states the general code of ethics and
business relationships, which may include,
but is not limited to: 1) the standards of
conduct expected of agency staff and
suppliers, and 2) The limitations regarding
their relationship and extent of contacts that
suppliers should have with all agency
departments and agency staff. Also referred
to as a “vendor manual.”
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Supplier Performance Report
A report that
evaluates a supplier’s performance based on certain criteria, such as quality, delivery,
timeliness, and responsiveness.
