The m2i.SHEQ procurement module streamlines supplier and subcontractor management, enhancing the efficiency and reliability of selection processes the following 4 elements.
- Subcontractor/Supplier Approval: Potential suppliers and subcontractors can easily enter their details into the system via a self-registration process making it easier to identify potential partners -The Talent Pool. Suppliers and subcontractors can be moved to an Approved Register after undergoing a formal vetting process. This includes completing an online questionnaire designed to evaluate their capabilities, compliance with standards, and suitability for projects.
- Document Management and Compliance: Logs and tracks all essential documentation from approved suppliers and subcontractors. It automates renewal notifications to the document owners and provides a streamlined mechanism for the approval or rejection of documents, ensuring all partners remain compliant and up to date.
- Performance Evaluation with RAG System: The system employs a Red, Amber, Green (RAG) scoring system, complemented by comments, to evaluate the performance of suppliers and subcontractors. This simple yet effective method allows for clear, actionable insights into each partner’s performance and areas for improvement.
- Tender List Management and Performance Tracking: m2i.SHEQ facilitates the creation and management of tender lists, inviting bids from approved partners for new projects. It tracks responses and rigorously assesses subcontractor performance, ensuring that only the best-performing partners are selected for further work.
Through these functionalities, m2i.SHEQ’s procurement module not only simplifies the selection and management of suppliers and subcontractors but also ensures that partnerships are built on a foundation of quality, reliability, and compliance. This approach streamlines procurement processes, enhances project outcomes, and contributes to the overall success of operations.
