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 ?
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.
Contract: ca6230 - ark trust - school uniform approved supplier list
M2 PHARMA-July 21, 2017-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.
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.
Gee Lawson, established in October 1939, is a nutritional/life science ingredient and specialty chemical distributor with selected approved supplier networks and global resources.
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.
The firm has been named an approved supplier for the Crescent Purchasing Consortium (CPC) framework.
The company's obsession with quality has earned it an approved supplier status with leading OEM manufacturers around the world.
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.