What does SLS mean in BRITISH MEDICINE
Selected List Scheme, often abbreviated as SLS, is a system of categorized lists and institutes designed to facilitate the selection of quality goods and services by assessing the reliability and track record of a company or organization. It has been introduced in order to ensure that only the most trustworthy, responsible and reliable suppliers are chosen. SLS allows organizations to quickly identify potential suppliers based on their past performance and reliability profile rather than relying solely on cost considerations when making purchasing decisions.
SLS meaning in British Medicine in Medical
SLS mostly used in an acronym British Medicine in Category Medical that means Selected List Scheme
Shorthand: SLS,
Full Form: Selected List Scheme
For more information of "Selected List Scheme", see the section below.
System Overview
The SLS provides organizations with a number of criteria against which they can assess potential suppliers in terms of their ability to meet both current and future requirements for goods or services. Qualifying criteria such as experience, references, product range, manufacturing processes, service levels etc., are evaluated before any supplier is considered for inclusion on an approved list. Once an organization has become a registered member of an approved list scheme all information concerning their qualifications is made available to customers who use the scheme for selecting suitable suppliers for their purchasing needs.
Benefits of SLS
The benefits that can be derived from using Selected List Scheme include reduced search time when selecting suppliers; increased certainty over shortlisting decisions; improved contractual negotiation capability; assurance that best quality practices have been followed; reduced risk of errors due to lack of market knowledge; better compliance with regulatory requirements regarding supplier selection processes while ensuring cost-effectiveness and overall efficiency in procurement management activities.
Essential Questions and Answers on Selected List Scheme in "MEDICAL»BRITMEDICAL"
What is the Selected List Scheme?
The Selected List Scheme (SLS) is a programme introduced by the Singapore Government to help local SMEs better access and benefit from public sector procurement opportunities. Under the scheme, suppliers are pre-selected based on their capabilities and performance track record. This makes it easier for government agencies to enter into contracts with these suppliers for goods and services.
How does SLS work?
SLS works by having selected suppliers registered in advance with the Government Procurement Department (GPD). These suppliers are assessed against a set of criteria including reputation, products/service offerings, past performance records and financial stability. Those who meet the criteria will be listed as ‘pre-qualified' suppliers. Government agencies can then approach these suppliers directly when they have an immediate need for goods or services.
How did the SLS programme come about?
The SLS was first introduced in 2010 as part of the Public Sector Transformation Programme to increase efficiency in public sector procurement processes. It streamlines the process by replacing traditional tenders with direct sourcing from pre-selected qualified suppliers, providing a wider range of options for government agencies when selecting vendors for their needs.
Who is eligible to participate in SLS?
All local companies registered in Singapore are eligible to apply for the SLS programme provided that they meet certain prerequisites such as good credit rating, adequate insurance coverage and evidence of sufficient capacity and capability. Companies must also submit a detailed business profile which includes profiles of key personnel, nature of business operations, financial statements and other required documents specified by GPD.
How do I apply to become an SLS registered supplier?
To apply as an SLS registered supplier, you must first log on to ePS (Government Electronic Procurement System) at https://www1.ePS.gov.sg/central/. From there you will find further instructions on how to register your company with GPD as well as details of fees payable if applicable. Please note that registration may take up to four weeks depending on complexity of application assessment process so please plan your application accordingly.
What happens after I've been listed as an approved supplier under the SLS programme?
Once your company has been approved by GPD, you would automatically become eligible for invitations from any government agency that requires supplies or services similar to what you offer via ePS (Government Electronic Procurement System). However, this does not guarantee that you would receive invitations from these agencies because selection will ultimately depend on their needs and requirements.
Are there benefits associated with being a supplier under the SLS programme?
Yes! As an approved supplier under SLS, your company stands a higher chance than other non-registered firms when responding to bids due to its prequalification status and shorter turnaround time compared if bidding via traditional tenders process. On top of this, it also provides your company greater visibility among potential buyers within government sector.
Is there any fee involved when registering my company under SLS apart from administration charges?
Generally speaking no additional fee is required if your application to register is submitted online through ePS (Government Electronic Procurement System). However it may be subject matter related administrative costs incurred during evaluation should there be physical documents requested or additional evaluator visits involving cost incurred.
Final Words:
In summary, Selected List Scheme is designed to create an environment where organizations can benefit from transparent and reliable selection criteria when choosing suppliers without compromising on quality standards or compromising on cost negotiations. This makes it easier for buyers/procurement teams to find competent bidders who can provide them with good value-for-money solutions while adhering to necessary safety regulations.
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