(EtQ Inc.: Farmingdale, NY) -- EtQ’s Supplier Rating module continues to provide enhanced visibility into the quality of an organization’s suppliers.
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The ability to increase visibility into supplier quality is essential to maintain the highest caliber suppliers in any organization and in ensuring product quality. The end goal of supplier management is to develop a set of metrics to monitor the supply chain so it is efficient, costs less, and delivers high quality and value to customers. With this in mind, EtQ developed its Supplier Rating module to track supplier quality.
EtQ’s Supplier Rating module has the ability to generate a comprehensive supplier scorecard with qualitative and quantitative rating criteria. As supplier-related data is entered into the system, the Supplier Rating scorecard is populated and calculates an overall rating for that supplier. The Supplier Rating module automatically updates critical supplier metrics, including parts per million (PPM), on-time delivery, number of corrective and preventive actions (CAPA), and correct quantity. EtQ can also integrate with external business systems to pull key supplier data into the rating, resulting in increased visibility into supplier performance throughout the quality system.
EtQ Supplier Rating also enables suppliers to see their ratings and performance through use of the Supplier Dashboard. This dashboard lets suppliers view their open CAPAs, overall performance and rating, and provides an environment to collaborate on improving quality.
“EtQ recognizes that visibility and collaboration with suppliers is key to maintaining the highest possible level of product quality,” says Morgan Palmer, chief technology officer at EtQ. “With Supplier Rating, improvement opportunities are identified, implemented, and monitored; therefore, defects are eliminated across product lines. Supplier Rating essentially nurtures the relationship between supplier and the organization because it promotes quality while allowing suppliers to see the areas in which they need to improve.”
Supplier Rating is just one of the best-in-class tools available within EtQ Reliance. For more information on Supplier Rating, go to www.etq.com/suppliermanagement.
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