High Risk Supplier definition

High Risk Supplier means a Supplier identified as such by Company in view of the nature of the Supplier's products, the severity of claims made against Supplier's products, the frequency of claims made, past litigation involving the Supplier's products and other factors deemed relevant by Company.
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Examples of High Risk Supplier in a sentence

  • If the performance of a selected High Risk Supplier does not improve, HDE may take the decision to phase-out such Supplier.

  • Where the response of any High Risk Supplier raises sufficient doubt as to their practices, each Cohort business shall, where practicable, agree an improvement plan with the Supplier.

  • Conditions, which could warrant 2nd party audits include the following as a minimum: - Supplier Risk Assessment results in Medium or High Risk.- Supplier Monitoring (Quality/Delivery performance)- Supplier QMS Development- Product Audits- Engineering changes- Process changes- Plant location changes (e.g. Tool transfer) which also requires a new PA and PDR and PPAP submission.

  • Priority on the High Risk Supplier while second-tier suppliers will also be monitored.

  • The letter shall also request each High Risk Supplier to confirm what steps, if any, they have taken to ensure that the suppliers involved in Cohort-relevant supply chains are not involved with Modern Slavery and to provide evidence of this.If no steps have been taken by a High Risk Supplier, they should be requested to carry out proportionate steps and provide a report on their findings within 12 months of the request.

  • Potential High Risk Supplier Spend by CategoryFacilities Management 12%$82mTelecommunications 10%$68m Others 10%$68mInfrastructure 68%$458mResidual risk assessmentsAs part of our phased modern slavery program of work, we have issued a detailed supplier self-assessment questionnaire to a selection of our potentially higher risk suppliers, as classified in the risk assessment process.

  • Provides information about the set of symbol forms being examples of the referred symbol form.

  • For example, NB will test five percent (5%) of the total number of materials listed for RSL approval by a Certified Supplier and thirty percent (30%) of the total number of materials for a New or High Risk Supplier.

Related to High Risk Supplier

  • high risk breach means that the threshold for notifying the individual is higher than that for notifying the relevant supervisory authority.

  • Framework Suppliers means the suppliers (including the Supplier) appointed under this Framework Agreement or agreements on the same or similar terms to this Framework Agreement as part of this Framework;

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • Supplier means the successful bidder who is awarded the contract to maintain and administer the required and specified service(s) to the State.

  • Manufactured end product means any end product in product and service codes (PSCs) 1000-9999, except—

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • Class-I local supplier means a supplier or service provider, whose goods, services or works offered for procurement, has local content equal to or more than 50%, as defined under said Order.

  • Manufactured products means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum; plastics and polymer-based products such as polyvinyl chloride pipe; aggregates such as concrete; glass, including optical fiber; and lumber.