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What is the best frequency to visit your suppliers? Annual, Semiannual or Quarterly?

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تم إضافة السؤال من قبل Mohammad AL Faris , Logistics and Operations Head , Turquoise Mountain
تاريخ النشر: 2016/01/19
Vivek Alex
من قبل Vivek Alex , Procurement Engineeer , Saudi Archirodon Ltd

Its depends on the products they are handled. If they produce long lead/critical/engineered materials Quaterly visit is better. Otherwise half yearly performance evaluation is enough in my view.

MUSTAFA KALDAR
من قبل MUSTAFA KALDAR , SENIOR COST CONTROLLER , SAGACITY BUSINESS SOLUTIONS

I suggest the visit to suppliers should be on Quarterly basis and also depending upon the Categories.

ALLEN IRERI MUGAMBI
من قبل ALLEN IRERI MUGAMBI , Client Relationship Manager , username Investment Limited

  A visit may be necessary even though not planned. Major Suppliers (80/20) should be visited once a year by you or a subcontracted auditing firm of your choice. However, if there is a new persistent problem and the Supplier hasn’t corrected it, a visit may be necessary even though not planned. 

Rod Ward
من قبل Rod Ward , Chief Procurement Officer , Ellerine Holdings Ltd / ABIL (African Bank Investments Ltd)

This is informed by the categorisation if such suppliers  - strategic, ad-hoc, seasonal or sole suppliers for example.

This greater the classification and importance to one's business the greater frequency of visits and engagements are required, in my view.

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