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
Dylan Marshall
“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.”


Dylan Marshall
Construction Expert | Felix
Jakob
“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.”

Jakob Eisele
Building Expert | Felix
Brendan batch small
“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
unproductive repetitive

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
ineffective risk management

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:

90 %
rated visibility into extended vendor network < moderate (Deloitte 2020)
36 %
of construction workers were non-employees
(ABS 2020)
~20 %
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

Minimise your risk, maximise your relationships

Agile, flexible, trusted. Learn how Felix can bring smarter procurement processes to your business with a purpose-built solution.

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Helpful Resources

optiqual email
Webinar
Introducing standardised prequalification: Vendor Optiqual®

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

why prequalification
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.

prequalification basics
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.