Bureau Veritas Consumer Products Services division in collaboration with Global Sources has developed a new "Supplier Capability Assessment" program which has been based on good practice principles used by international retailers and brands. The objective of validating supplier information is to provide additional confidence to you so that you know the information has been verified by an independent third party.
A Global Best Practice Solution
The Bureau Veritas "Supplier Capability Assessment" program is not designed to be a performance standard but rather an information validation program against an established criterion providing potential buyers with information on the establishments' stated claims and capabilities.
The Criteria for Supplier Information Validation
The criteria used to assess the "Supplier Capability Assessment" program consist of a questionnaire with the following categories:
1. Legal entity
2. Products category
3. Number employees
4. Management
5. Machinery and equipment
6. Export destination and transaction history
7. Clients
8. Membership, awards and certifications
9. Management and communication
The assessment consists of an onsite visit of the establishment by Bureau Veritas auditors/inspectors. Following each onsite assessment, a report will be submitted to Global Sources who will issue the Supplier Capability Assessment report, along with supporting documents such as digital photos, copies of factory certifications, business licenses and organizational charts.
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