Vendor Rating definition

Vendor Rating means the risk-based evaluations of Goods Suppliers, Transporters and Service Providers, based on several rating items such as; turnover, amount of Food Safety Incidents, number of non-conformities and/or Available certifications. Based on this evaluation a decision will be made by Interfood to organize a physical or virtual audit;
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Vendor Rating means a system for recording and ranking suppliers, with whom contracts are signed, in terms of a variety of issues, which may include delivery performance, quality of materials supplied, and after sales service/support provided during and after the warranty period.
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Examples of Vendor Rating in a sentence

  • When the validity period of the audit of a verified Contractor’s quality management system expires, a repeat audit shall be carried out depending on previous audit results, the scope of changes made by the Contractor within its quality management system and the Contractor’s current IVR score (Index Vendor Rating) pursuant to Article XXV.

  • Vendor Rating Nifco UK vendor rating system is based on the supplier evaluation prior to supply of production parts and expects all suppliers to attain 100% performance.

  • This feeds into our Active Vendor Rating System and assists in the annual review process, when subcontractors’ status on the approved list is evaluated to drive improvements.

  • R$ 2.000,00 (two thousand reais) for each violation qualified as 'Very Severe Breach, which will cause a significant downgrading in the Vendor Rating Index” or “Extremely Serious Breach" according to the table under clause 18 of General Part of General Terms of Contraction.

  • For the purposes of definition, violations considered “extremely serious breach” are those Very Severe breach capable of causing a downgrading of Vendor Rating Index , including but not limited to those foreseen under Clause 18 of General Part, in the Contract or in the applicable legislation.

  • After December 31, 2000, under the Microsoft Vendor Rating System, MZI will be paid [REDACTED] for a score [REDACTED]; for a score [REDACTED] of such available performance compensation for that month; [REDACTED] ***[REDACTED]-Confidential treatment requested*** [REDACTED] of such performance compensation under this category available for that month.

  • These indicators are then combined to produce a Vendor Rating Indicator (so-called VRI) .

  • Carrefour hereby agrees to meet with ---------------------- representatives of SNET or its designees to evaluate SNET's Vendor Rating Services for potential inclusion in GNX products and services; it being acknowledged and agreed to by the parties that such inclusion shall be at the sole discretion of GNX.

  • If violations mentioned under items a) 'Severe breach, b) 'Very Severe Breach and c) 'Very Severe Breach, which will cause a significant downgrading in the Vendor Rating Index cause accidents or personal injuries, ENEL reserves the right, at its sole discretion, to charge Contractor an additional penalty of up to 2% of total Contract value but, in any case, not lower than R$ 2.000,00 (two thousand reais).