approved supplier

a raw material or component supplier which is selected as the ‘preferred’ source of inputs as part of a firm's PURCHASING requirements. In recent years many firms have sought to reduce the number of their suppliers and this has led to greater emphasis being placed on the means of approving suppliers. The trend has been to move away from item price as the single determinant of who supplies, to a list of attributes the supplier must constantly keep to. For example, accuracy of delivery times, or agreed quality standards and specifications, as well as total item cost. Approved suppliers benefit from this arrangement because it usually involves longer-term agreements to supply. See SOURCING.

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References in periodicals archive

Edison, NJ, August 24, 2019 --(PR.com)-- Choice Home Warranty, the nation's leading provider of home warranty coverage, announced today that it is now a RE/MAX Approved Supplier. Choice Home Warranty will be providing RE/MAX affiliates with streamlined access to exclusive real estate warranty offers for their clients.

Choice Home Warranty Joins RE/MAX Approved Supplier Program

M2 PHARMA-July 21, 2017-Episurf Medical now an approved supplier to Spire Healthcare in UK

Episurf Medical now an approved supplier to Spire Healthcare in UK

* SPAIN: Corbion has announced that a second production plant for L-lactic acid received approved supplier status under the Biocidal Products Regulation (EU) No 528/2012 (BPR), and as such, products can be used in biocidal products.

Corbion's L-lactic acid plant BPR approved

Intel appoints Mitsumi Distribution as an Intel Approved Supplier for the African region.

Mitsumi named as Intel approved supplier for African region

Gee Lawson, established in October 1939, is a nutritional/life science ingredient and specialty chemical distributor with selected approved supplier networks and global resources.

SourceOne partners with Gee Lawson

AUMA UK, an established supplier of electric actuators to Wessex Water for over a decade, reports it achieved approved supplier status from the utility on 3rd March 2015.

Approved supplier status

The company is a worldwide approved supplier of glass bottles for Coca-Cola, an approved supplier for Pepsi, Nestle and other major beverage producers locally and regionally.

Gulf Capital acquires a strategic minority stake in Middle East Glass

The firm has been named an approved supplier for the Crescent Purchasing Consortium (CPC) framework.

Booth in CPC deal

The company said that it will be listed as an approved supplier to provide mobile voice, data and machine to machine (M2M) services to the US government in eight European countries: UK, Ireland, Netherlands, Germany, Portugal, Italy, Hungary and Greece.

Vodafone Global Enterprise granted US Government supplier status