vendor compliance
[/ˈvɛndər kəmˈplaɪəns/]
nounpl: vendor compliances
conformidade de fornecedores
1. The adherence of suppliers or vendors to established standards, regulations, contractual obligations, and quality requirements set by a purchasing organization or regulatory body
The company implemented a strict vendor compliance program to ensure all suppliers meet safety and quality standards.
A empresa implementou um programa rigoroso de conformidade de fornecedores para garantir que todos os fornecedores atendam aos padrões de segurança e qualidade.
2. The process of monitoring and verifying that vendors fulfill their contractual commitments and legal obligations
Vendor compliance audits are conducted quarterly to verify that suppliers are following agreed-upon procedures.
Auditorias de conformidade de fornecedores são conduzidas trimestralmente para verificar se os fornecedores estão seguindo os procedimentos acordados.
3. A business function responsible for managing vendor performance, risk assessment, and regulatory adherence
The vendor compliance department works closely with procurement to maintain supply chain integrity.
O departamento de conformidade de fornecedores trabalha em conjunto com compras para manter a integridade da cadeia de suprimentos.
Vendor compliance has become increasingly important in both Brazilian and American business cultures, particularly following globalization and stricter regulatory frameworks. In Brazil, especially in São Paulo's business district, large corporations implement comprehensive vendor compliance programs to manage risk and ensure quality. In the US, vendor compliance is critical in industries like healthcare, finance, and manufacturing, where regulatory requirements are stringent. The term reflects corporate governance standards that have become essential for supply chain management and organizational reputation.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →