Supplier Business Review

Supplier Business Review Objective:
Evaluate the supplier’s performance using Lyons Quality Audit Tracking System LQATS quantitative metrics to ensure quality, compliance, and alignment with expectations.

1. Audit Overview

• Number of Audits Conducted: [Insert total audits completed within the review period.]
• Number of Audits Passed: [Insert total passed audits.]
• Percentage of Passed Audits: [Insert percentage, calculated as (Number of Passed Audits ÷ Number of Audits Conducted) × 100.]

2. Sampling Analysis

• Number of Samples Taken: [Insert total samples inspected during audits.]
• Number of Non-Conformance Identified: [Insert total instances of non-conformance.]
• Observed Quality Level (OQL): [Insert OQL percentage, calculated as (Number of Non-Conformance ÷ Number of Samples Taken) × 100.]

3. Key Insights

• Highlight areas where the supplier excelled or met expectations based on audit results and OQL trends.
• Identify patterns or frequent issues in non-conformance to focus on improvement areas.

4. Recommendations and Action Plan

• Address Non-Conformance: [List specific actions to reduce non-conformance rates.]
• Improve Sampling Processes: [Suggest steps to ensure more accurate sampling and quality checks.]
• Enhance Audit Preparedness: [Recommend strategies for better audit readiness and compliance.]

5. Next Steps

• Timeline: Establish clear deadlines for implementing improvements.
• Accountability: Assign responsibility for action items to relevant parties.
• Follow-Up: Schedule the next review to assess progress and recalibrate as needed.

This structured review ensures accountability and fosters supplier collaboration toward achieving higher quality standards.

Benefits of a Supplier Business Review

1. Improves Supplier Performance
   • You identify strengths and weaknesses through data-driven assessments.
   • You set clear expectations for quality, delivery, and service.
2. Enhances Communication
   • You create an open dialogue to address issues proactively.
   • You strengthen collaboration and alignment with supplier goals.
3. Boosts Quality Standards
   • You track and reduce non-conformance rates.
   • You ensure compliance with regulatory and contractual requirements.
4. Optimizes Costs
   • You uncover opportunities for cost savings and efficiency.
   • You negotiate better terms based on performance insights.
5. Supports Innovation and Growth
   • You explore ways to enhance products and services.
   • You drive supplier engagement in your long-term objectives.
6. Reduces Risks
   • You identify potential risks early and implement mitigation strategies.
   • You improve supplier reliability and safeguard your operations.

A Supplier Business Review ensures you maintain high standards, build stronger partnerships, and achieve better results.