Dr. Carter developed ten criteria, commonly referred to as the 10c model, to help businesses better evaluate vendors or suppliers for approval. The model includes these ten criteria:
* Source: https://www.10cmodelsupplierselection.com/the-10c-model/
Use contracts and accounts payable records to compile a listing of all current vendors that provide parts/services. Ask stakeholders to verify and specify the following information for each vendor on the list:
Once the AVL is created, you should remove vendors with unacceptable performance ratings and establish an approval process for adding and/or removing vendors in future revisions.
*Source: https://planergy.com
An approved vendor list (AVL) reduces risk by ensuring that all vendors are properly vetted by an organization and meet its requirements for quality, pricing, delivery, and other established criteria.
*Source: https://fitrix.com
A preferred vendor list is a compilation of vendors that are deemed “top performers” after thorough assessment and review by an organization. These vendors are typically more willing to negotiate on a company’s terms to meet pricing requirements.
*Source: https://www.vroozi.com
The master parts list encompasses everything you need to know to order, build, receive, and qualify your parts – drawings, specifications, the approved manufacturers list (AML), and the approved vendors list (AVL).
Here are 4 tips to keep your master parts list in check and avoid ordering mistakes and bottlenecks.