What criteria are most commonly looked at for Supplier Recognition Awards. (both subjective and objective)
I would also add Innovation as a criteria. If a supplier treats you as a customer of choice, offering you a first mover advantage with new technology, systems, product, then that should be recognised.
Scotland Excel ran a supplier awards process last year. Here's a link to their web site. If you email them I'm sure they will send you their criteria and more about the process.
Though not in the practice of procurement anymore, I used to do this:
Objective: on-time delivery, quality - least reject/discrepancy/etc., ease of administration - congruence of quote/contract/PO/receiving/invoice
Subjective: strength of counterpart relationship, ability/willingness to handle non-standard orders, win-win negotiation, mutual strive for efficiency/effectiveness/excellence
Aggregate these factors, do a weighted average according to your company's most significant factor, and come up with the winner.
Did you notice that I have not mentioned price? The best supplier will most likely (if you do things right) beat the low cost supplier on the total cost.
I hope this helps!
I happen to like a lot of these ideas and agree they are a good way of rewarding our suppliers. But how about a left-field on in line with suppliers who are operating with or supporting social causes in their local area. We would class this under Community Benefits at the Council, but you could look at suppliers who are actively giving back to the community as part of their contract.