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The MECO Supplier Management Strategy is based on the philosophy that high performance suppliers are provided with clear expectations, are measured against these expectations, are recognized for performance, and are committed to continuous improvement.
The MECO Supplier Management Strategy booklet outlines what we expect from our suppliers and what they can expect from us. It covers three main areas:
> Qualification
> Performance Monitoring
> Continuous Improvement
By partnering with our suppliers, MECO has been able to deliver the best products, service and value for our clients.
> Supplier Management Strategy Details
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Qualification
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It's critical our suppliers have an effective quality system that facilitates and promotes continuous improvement. Potential suppliers are evaluated on business reputation, historical performance, financial strength, capabilities and competitive pricing.
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Performance Monitoring
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Less emphasis is placed on price and more emphasis is place on product quality, delivery and vendor responsiveness. These factors are weighted and scored to develop historical performance trends and provide feedback to vendors and project teams for continuous improvement.
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Continuous Improvement
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It's our responsibility to communicate our expectations to each supplier, monitor their performance against those expectations, and manage their ongoing performance. They, in turn, are given the opportunity to respond to those areas requiring corrective and/or preventative actions.
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