FactoryPRO provides the ability to track candidate suppliers and evaluation steps to qualify the supplier through quality requirements, physical evaluation, and on-going reevaluation on a regular basis to ensure compliance both now and in the future.
Document Management manages the complete life cycle of documents from initiating a new document or a revision to archival of expired documents. The application comes with powerful features such as configurable approval workflow engine, version tracking and revision control. Apart from serving as a tool for tracking regulatory compliance requirements, it enables easy access to any document at a click of a button. It comes with a framework to track all business documents and helps in reducing paper.
- Define Supplier Requirements and Develop Questions for Potential Suppliers
In order to assess supplier’s ability to address your company needs, companies can define and document those requirements.
- Compile list of Candidate Supplier and Assess Capabilities
Engage with potential suppliers to assess their qualification in terms of quality, logistics, etc to ensure the supplier meets the company needs.
- Evaluate Candidates Supplier and Qualify them
With company’s questionnaire and other criteria, company can assess the suppliers to see whether each candidate suppliers have ability to meet company’s requirements.
- Perform a Comprehensive Supplier Audit
Once a supplier qualifies through basic initial screening, a thorough onsite audit should be planned and executed to verify that the supplier is indeed capable of meeting the company's needs on an ongoing basis.
- Evaluate Suppliers On an On-going Basis
Once the supplier is on-boarded, the company must monitor the performance regularly to identify and address any issues related to the products or services provided.
The above functionality can be achieved using FactoryPRO’s Supplier Qualification Application.