Document background
The Supplier Performance Review document serves as a critical tool for organizations operating in India to systematically evaluate and manage their supplier relationships. This document becomes necessary when companies need to establish formal, measurable criteria for assessing supplier performance, ensuring compliance with Indian regulations, and maintaining quality standards. The framework typically includes comprehensive evaluation metrics, scoring methodologies, and improvement protocols, all aligned with Indian legal requirements and industry standards. The Supplier Performance Review is particularly crucial for businesses managing complex supply chains or dealing with critical suppliers, as it provides a structured approach to monitoring and enhancing supplier performance while ensuring compliance with local laws such as the Indian Contract Act, 1872, and various sector-specific regulations.
