Bombay Metrics quantitative and qualitative supplier assessment process is focused on reducing costs, mitigating risks and driving continuous improvement. By taking complete responsibility for vetting new and monitoring existing suppliers we create a greater understanding of each supplier’s capabilities and responsiveness. This knowledge results in lower financial and operational risk and can help company’s better plan new products and services that generate higher-quality results. For global customers, this process also helps enable the approval of Indian suppliers and supports the Government of India’s focus on “Make in India.”
After each assessment we meet with the supplier to work on any process improvements. We have found post assessment activities, such as supplier training and development, are the best ways to drive positive and measurable results.