Bureau Veritas Consumer Products Services division in collaboration with Global Sources developed a new "Supplier Capability Assessment" program based on the good practice principles used by international retailers and brands. The objective of this program is to give you additional confidence when reviewing supplier information, because you know that all details have 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 established criteria providing buyers with trustworthy and independent third-party information on the supplier's stated claims and capabilities.
The Criteria for Supplier Information Validation
The criteria used in the "Supplier Capability Assessment" program is listed in a questionnaire with the following categories:
1. Factory Overview
2. Legal Entity and Personnel
3. Export Markets and Key Clients
4. Product and Production Capabilities
5. Management Systems and Accreditations
6. Quality Control Management and Development/Expansion Plans
The Supplier Capability Assessment consists of an onsite visit of the supplier by Bureau Veritas auditors/inspectors. Following each onsite assessment, a report is submitted to Global Sources who issues the Supplier Capability Assessment report, along with supporting documents such as digital photos, copies of factory certifications, business licenses and organizational charts.
Companies worldwide make better business decisions when using Bureau Veritas to compare supplier performance, improve product compliance and minimize risk.
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