How often should we evaluate our suppliers?
An example of an AI chatbot conversation about supplier evaluation frequency.
How often should we evaluate our suppliers?
It's recommended to evaluate suppliers at least annually, but more frequent evaluations can be beneficial depending on the relationship.
What factors should influence the evaluation frequency?
Factors include the criticality of the supplier, changes in market conditions, and past performance issues.
Can we automate the evaluation process?
Yes, many companies use software tools to automate supplier evaluations, making the process more efficient.
What metrics should we use for evaluation?
Common metrics include quality, delivery performance, cost management, and responsiveness.
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