our solutions / Vendor Passport
Gain access to more international Buyers through a strongly qualified visibility, reducing the time and costs allocated to Client Qualifications, while assessing your own capabilities
How it works
Vendor has the first contact with SupplHi, typically through:
– Buyer Invitation
– Invitation by Associations
– SupplHi Team invitation
VP activities are planned.
2. Advanced Questionnaire
Filled in by the Vendor with the Quality Assurance by Lloyd’s Register and SupplHi, in order to provide advanced information on all the dimensions of the assessment.
3. Assessment Visit
Assessment Visit with in situ verification of the Vendor’s capabilities performed by senior Inspectors from Lloyd’s Register with schedules typically distributed over two to five days.
4. Final Report
The Vendor Passport is delivered in two formats (“Marketing” and “Full”). The Vendor Passport has a validity of 2 years, with an update on the most critical information delivered at the end of the first year.
Technical Partner of:
The Vendor Passport is the assessment of the safe and competent delivery of goods and services, involving all aspects of the business operations including facilities, equipment, tools, competences, roles, internal processes, procedures, sub-contractors based on a proven track record.
247 locations in the network by Lloyd’s Register
680 multi-discipline exclusive inspectors
3,000 multi-discipline non-exclusive inspectors
Gain more opportunities
Vendors are visible to and Qualified by multiple Buyers on a global level
Reduce costs on Qualification processes
Vendors reduce the time and costs allocated to Client Qualifications and Assessment Visits.
Achieve higher performance
Vendors can assess their own capabilities, improving them and tracking their progress, while being recognized as key industry players
Be recognized as an industry leader
Oil&Gas, Power, Chemical and Shipbuilding industries require constant international visibility to benefit from opportunities that are available on a global level.
Based on int’l best practices
The VP is a standard vendor assessment and Qualification – leveraging on int’l best practices – built through an intense benchmarking of 80+ existing Qualification processes by leading End-Users, EPC Contractors and Technology Owners, constant interactions and collaborations with key Buyers, Vendors and Associations.
Based on 14 dimensions of analysis that cover all the company’s Capabilities: Company Management & Strategy; Organization and HR; Engineering, Procurement, Manufacturing / Fabrication, Project Management, Logistics, Site Activities, After Sales, Quality Management, Health Safety Environment (HSE), Risk Management, Finance, Corporate Social Responsibility (CSR) and Compliance.
Delivered by an Independent Third Party
Delivered by SupplHi and Lloyd’s Register, an internationally recognized Independent Third Party, in accordance to a Guidance Document.
The local senior Lloyd’s Register Inspectors across the ~250 locations in 180+ countries are specifically trained for the Vendor Passport assessment, and collaborate with a ”Global Category Reviewer” for the Report’s finalization.
Filled in by the Vendor with Quality Assurance by Lloyd’s Register and SupplHi, in order to provide advanced information on all the dimensions of the assessment, e.g. split of the number of resources by department, list of main equipment for manufacturing, description of working areas, list of the Manufacturing processes.
It is somewhat a preparation for the assessment visit to highlight the most critical areas before the in-person investigation.
Assessment Visit at Plant / Office
In situ verification of the Vendor’s capabilities performed by senior Inspectors from Lloyd’s Register, with relevant experience in the specific category of supply and trained specifically for this purpose.
All Assessment Visits are performed at plant level (one assessment for each plant) with schedules typically distributed over two to five days, based on the size of the assessed organization. They involve meetings with the key roles of the Vendor’s organization: CEO, COO, CFO, Head of Production, Head of Procurement, QA/QC Manager, etc.
The Vendor Passport is developed around the detailed SupplHi Standard Categorization, in order to customize the assessed capabilities of vendors that are specific to the category of supply and to allocate more effort in the categories that are more critical and strategic for the covered industries.
The Vendor Passport leverages on a Gap Analysis approach to identify areas of perceived weakness – also compared to a benchmark of companies delivering the same goods and services.
This Gap Analysis review is carried out at the design office and production facility of the Vendor and discussed with the Management of the company.
Findings for Continuous Improvement
The findings of the Assessment can be addressed by the Vendor as part of its Continuous Improvement process and are focus of the Vendor Passport update that is delivered at the end of the first year.
Focus on CSR and Compliance
Vendors declare adherence to the main international and local ethical codes, e.g. the Foreign Corruption Practices Act, Corruption of Foreign Officials Act, OECD Convention of combating bribery of public officials in int’l business transactions, Modern Slavery Act, etc.
SupplHi is now able to provide – in collaboration with Lloyd’s Register and as part of the innovative Vendor Passport [VP] solution – remote Assessment of vendor facilities. One additional step in digital innovation for SupplHi’s ecosystem of industrial equipment and services
Final Report as a full Qualification and Sales & Marketing tool
The VP is delivered in two formats, to allow multiple uses: “Marketing Report” (designed for pro-active marketing activities with a set of new Buyers), “Full Report” (inclusive of the more confidential info, made available on the SupplHi platform only to the registered Buyers).
The VP has a validity of 2 years, with an update on the most critical information delivered at the end of the first year.