Supplier Evaluation is the process of assessing and selecting suppliers based on their ability to meet specific criteria. This includes evaluating factors such as quality, price, delivery time, and reliability. The goal is to ensure that the chosen suppliers can consistently provide the necessary goods or services to support a business's operations. The evaluation process often involves gathering data through questionnaires, site visits, and performance reviews. By analyzing this information, companies can make informed decisions about which suppliers to partner with, ultimately leading to improved efficiency and reduced risks in the supply chain.