Prequalification that saves time, decreases admin costs and reduces risk

Prequalify your supply chain by using Felix Vendor Optiqual^® – empowering organisations to be more productive and focused on value-accretive tasks, while ensuring supply chain risk is managed through best-practice framework.

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People have told us

“With the critical dependence on high-risk supply chains, it’s never been so important to invest in understanding your vendors and the quality of pre-qualification information provided.”

Dan Wilson Construction Expert | Felix

“A vendor prequalification process that is designed well and incorporates components from a number of internationally recognised standards can reduce cost, decrease risk and increase productivity.”

Liam Gill Building Expert | Felix

“Based on our years of industry experience, while working with leading asset owners, constructors and managers, we’ve created Vendor Optiqual^® to optimise understanding, trust and visibility of high-risk supply chains.”

Brendan Batch Infrastructure Expert | Felix

Knowing your vendors reduces your risk

Seamlessly implement a tailored solution that provides the foundation to ensure that third-party vendors you engage with are pre-qualified to proven standards.

Additionally, the data available to you on existing and new vendors in your supply chain is comprehensive, accurate and up-to-date.

Obtain sufficient and relevant vendor information
Make more informed decisions
Adhere to a prequalification framework that is best-in-class

Rapid vendor implementation

Vendor Optiqual^® significantly reduces the time, cost and resources to design and implement a prequalification and categorisation framework into your organisation.

An onboarding process for 12-14 weeks is reduced to just 4-6 weeks, allowing you to get to work quicker.

Standardised approach to Health & Safety, Environment, Quality, Sustainability, IR and CSR information
Relevant prequalification journey based on service offering and risk level
Interoperate with vendor marketplace through standardised categorisation

How well do you know your vendors?

It’s critical to have vendor information that is sufficient, complete and up-to-date to reduce risk levels for procurement processes.
Here are some statistics that might make you question how well you know your vendors:

rated visibility into extended vendor network < moderate (Deloitte 2020)

of construction workers were non-employees
(ABS 2020)

of companies entering external administration were construction (ASIC 2019)

A standard prequalification framework

Vendor Optiqual®
Know your vendors
Smart workflows
Vendor benefits

Vendor Optiqual®

Industry proven standards

Tailor a vendor prequalification questionnaire for your organisation based on internationally recognised standards PAS 91 and PAS 7000. This lays a common foundation to maximise synergy and network effect.

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felix optiqual

Know your vendors

De-risking your supply network

Capture the right level of business critical information across key areas, with core questions and optional/extended questions.
Example topics are shown here.

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optiqual prequal topics

Smart workflows

Process governance made easy

Streamline the information collection as well as assessment process, with automated adherence to business rules.

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vendor management self service

Vendor benefits

Reduce admin burden

Develop a standard response to the “core” questions which can be used time and time again.

A less time-consuming and costly process also encourages more vendors to apply for work and focus on delivering value to clients.

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Felix_Product_Screens_2020_Know_your_Vendors

Helpful Resources

Webinar

Introducing standardised prequalification: Vendor Optiqual®

In this webinar, find out what standardised prequalification means, its benefits, and how Vendor Optiqual® can be implemented.

Blog

Why you need a standardised prequalification framework

With the reliance on third-party vendors being here to stay, there are clear opportunities to improve the very first interaction that would lay a foundation for strong supply chain relationships.

Blog

The fundamentals of vendor prequalification

Knowing your third-party suppliers and contractors is no longer a nice-to-have. It’s a prerequisite for supply chain risk management.