Purpose:
- To inform the supplier of the methodology of our supplier performance review process, and its effect on the Veoneer-Supplier relationship.
Input from Veoneer:
- Supplier VS051-rating (available on VPP)
- Supplier Status Review Meeting agenda proposal
Requirements:
- The supplier and Veoneer shall follow the SQPS-920 Supplier Status Review.
- Meetings are scheduled based on a number of determining factors.
- Responsible participants are requested to attend from supplier and Veoneer.
- Preparation is required in advance by the supplier based on an established agenda.
- Preparation and presentation on the part of the supplier includes but is not limited to knowledge and detailed understanding of supplier's VS051-status and improvement action plan, Flag Panel status, Supplier Development status, cost reduction roadmap, new technology/product development plans and previous action plan requests.
The business result of the meeting could be either determining the supplier is:
- GREEN: Veoneer and Supplier need to discuss the ability to maintain and increase the business
- YELLOW: Veoneer and Supplier agree on a development plan to improve the supplier.
- RED: Veoneer and Supplier agree to eliminate or constructively phase-out the supplier.
Output from Supplier:
- Action plans
- Financial statements
- Cost reduction roadmaps
- Technology/new product development information
Required Documents:
- Improvement action plans