The Supplier Development and Scorecard process at Measurement Specialties helps to ensure that the sourcing organizations can identify, qualify, monitor, and reward its supplier base. The main components to this program are:
- Assess and Qualify
- Measure and Scorecard
- Rate and Recognize
We call this our "5-Step Supplier Development Process" and it is a tool to help us ensure that we have a developed supply base that can help us compete for our unshared fair of business with our own customers. This methodology also will help to ensure that we can compete for capacity at the declining number of world-class suppliers in our global market.
The following explains the overall rating process, the scoring methodology, the supplier categorization process, and our award process for those suppliers who become eligible. As part of our ongoing relationship, it is important for both of our organizations to communicate effectively with each other. Accordingly, we would like to introduce the Measurement Specialties Supplier Performance Scorecard (SPS). The purpose of the SPS is to give Suppliers timely feedback on their performance as a supplier to our organization.
A Supplier's SPS rating will be based upon four specific performance criteria or metrics in the areas of Quality, Service Level, Productivity, and Responsiveness. Each of these ratings, with the exception of Responsiveness, will be attributable to specific fact-based metrics of your organization's performance. The ratings for each of these aspects are weighted differently to arrive at your overall SPS Score, which then drives your categorization as a Category 1, 2, or 3 supplier of Measurement Specialties.
The chart below summarizes the overall SPS Score, the Supplier Category Rating, and the associated commercial response Measurement Specialties will pursue.
SPS Score Supplier Category Commercial Action
16 and above Category 1 Strategic Partner
Pursue long-term Business Agreement Channel future growth opportunities to Supplier
8–15 Category 2 Supplier/Vendor
Supplier performs as required and has potential to improve to Category 1 Supplier
<8 Category 3 New/Risk
A new supplier needs development to min Cat 2. If current supplier, no new business will be awarded to and alternative sourcing may be considered
We will communicate the Supplier Performance Scorecard on a quarterly basis as soon as practical after the close of each calendar quarter. We encourage and solicit our Supplier's feedback on their SPS score and category rating, and are more than willing to meet on a quarterly basis to discuss.
Below are details on the associated metrics, calculations, and ratings for each of your performance criteria.
The Supplier Connection
Strategic Partners deserve strategic benefits, and the Measurement Specialties Supplier Connection is just such a process. Born out of a desire to make doing business with us easier, The Supplier Connection is an online process that is available to preferred suppliers. Through this online Supplier portal, our Strategic Partners can access such valuable information as:
Forecast Information
Required Shipping Schedules
Open Purchase Orders for your company
Measurement Specialties and Division-specific news and information
The Supplier Connection is a tool to make doing business with Measurement Specialties and its divisions smarter and faster.