below:

Explanation:

When assessing suppliers, criteria beyond cost and quality are essential to ensure they align with an

organization’s operational, strategic, and financial goals. In the context of the CIPS L5M4 Advanced

Contract and Financial Management study guide, a comprehensive supplier evaluation ensures long-

term value, risk mitigation, and strategic fit. Below are five criteria, excluding cost and quality, that

can be used to assess a supplier, explained in detail:

Delivery Reliability:

Description: Measures the supplier’s ability to deliver goods or services on time and in full, often

assessed through historical performance data or promised lead times.

Why Use It: Ensures supply chain continuity, avoiding production delays or stockouts that could

increase costs or disrupt operations.

Example: A supplier with a 98% on-time delivery rate ensures Rachel’s manufacturing (