How Supplier Scorecards Affect You

By Food Safety Tech Staff
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Several factors should be considered, including lead-time and on-time delivery, cost variations, product quality, and documentation accuracy and retention requirements.

A supplier scorecard allows companies to measure vendor performance as it relates to risk management, quality, and compliance. Having up-to-date and accurate documentation, particularly surrounding foreign supplier verification, is an important part of FSMA compliance. Suppliers must be able to provide immediate and accurate information, especially in the event of an audit. Marc Simony, vice president of marketing at TraceGains, explains why companies should build the scorecard over time, evaluating a supplier’s performance against specific business requirements.

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