The Supplier Development and Scorecard process at Newell Rubbermaid helps to ensure that the purchasing organizations can identify, qualify, monitor, and reward its supplier base. The main components to this program are:
- Assess and Qualify
- Measure and Scorecard
- Rate and Recognize
We call this our "5-Step Supplier Development Process". This tool helps to ensure that we have a developed supply base that can help us compete for our fair share of business with our own customers.
This methodology also will help to insure that we can compete for capacity at the declining number of world-class suppliers in our global market.
The following pages document the overall rating process, the scoring methodology, the supplier categorization process, and our award process for those suppliers who become eligible. As part of our ongoing relationship, it is important for both of our organizations to communicate effectively with each other. Accordingly, we would like to introduce the Newell Rubbermaid Supplier Performance Scorecard (SPS). The purpose of the SPS is to give suppliers timely feedback on their performance as a supplier to our organization.
A supplier's SPS rating will be based upon four specific performance criteria or metrics in the areas of quality, service level, productivity, and responsiveness. Each of these ratings, with the exception of Responsiveness, will be attributable to specific fact-based metrics of your organization's performance. The ratings for each of these aspects are weighted equally at 25 percent of your overall SPS Score, which then drives your categorization as a Category 1, 2, or 3 supplier of Newell Rubbermaid.
The chart below summarizes the overall SPS Score, the supplier category rating, and the associated commercial response Newell Rubbermaid will pursue.
To read more about how Newell Rubbermaid classifies its supply base, including the potential benefits of being a category 1, 2, or 3 supplier, please click here
We will communicate the Supplier Performance Scorecard in a reasonable time after the close of each calendar quarter. We encourage and solicit our supplier's feedback on their SPS score and category rating, and are more than willing to meet on a quarterly basis to discuss.
The following pages will set forth in detail the associated metrics, calculations, and ratings for each of your performance criteria.
How We Measure Our Suppliers The Supplier Performance Scorecard Process Quality Service Level ProductivityResponsiveness