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Supplier Appraisal is a systematic process used in procurement and supply chain management to assess and evaluate the performance and capabilities of a supplier. It involves the collection and analysis of data and information related to a supplier's quality, reliability, cost-effectiveness, delivery, and other relevant factors. The purpose of supplier appraisal is to make informed decisions about supplier selection, monitoring, and improvement to ensure that a supplier meets the requirements and standards of the buying organization.
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