approved supplier

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.
References in periodicals archive ?
Tenders are invited for 16 188r2: round 2 re-open of the apprenticeship training, approved supplier panel contract for additional supplier awards april 2018
M2 PHARMA-July 21, 2017-Episurf Medical now an approved supplier to Spire Healthcare in UK
Summary: Intel appoints Mitsumi Distribution as an Intel Approved Supplier for the African region.
Chip maker Intel has appointed Mitsumi Distribution as an Intel Approved Supplier for Africa.
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.
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.
com)-- Electronics manufacturing specialists Aisling Industries have announced that they have achieved Approved Supplier status with global electronics giant GE.
Castlerock has also been awarded an approved supplier contract to provide physiotherapists to the Wales and West MoD, and has been approved to supply occupational therapists to Hertfordshire County Council.
Under the approved supplier relationship with Hudson's, the airline will be providing transportation and group services to all of Hudson's business travellers, including The Bay, Zellers and Home Outfitters.
has received its Certificate of Register and Registration Classification (CRCC) as an approved supplier for Petrobras, Brazil's international energy company.
The Approved Supplier status is presented to companies who provide the highest level of quality, service and support for its real estate franchises, agents, and ultimately its customers.
The company yesterday announced that it was now in a position to start supplying the new range, and that it had been appointed as an approved supplier of intravenous administration sets to NHS National Services, Scotland.