Supplier Performance

Performance reviews are an annual rite of passage for employees but fewer than half of organizations have a process to review the performance of their suppliers. When you realize that most firms have as many suppliers as they do employees, this starts to seem like a problem with potentially significant consequences. Organizations that regularly assess supplier performance regularly achieve higher benchmarks than those without scorecarding programs.

Supplier Performance

Performance reviews are an annual rite of passage for employees but fewer than half of organizations have a process to review the performance of their suppliers. When you realize that most firms have as many suppliers as they do employees, this starts to seem like a problem with potentially significant consequences. Organizations that regularly assess supplier performance regularly achieve higher benchmarks than those without scorecarding programs.

Supplier Performance

Performance reviews are an annual rite of passage for employees but fewer than half of organizations have a process to review the performance of their suppliers. When you realize that most firms have as many suppliers as they do employees, this starts to seem like a problem with potentially significant consequences. Organizations that regularly assess supplier performance regularly achieve higher benchmarks than those without scorecarding programs.

How Vendorful Can Help:

  • Streamlined collection of both qualitative and quantitative data — through surveys, via API, and data import.

  • Side-by-side comparison of suppliers in a category and across all categories.

  • See how trends evolve by capturing and reviewing data over time.

  • Stakeholder-driven assessments.

  • Understand performance holistically and in context by evaluating risk, spend, and other data in concert.

  • Improve supplier engagement by providing them on-demand access to assessments and results.

How Vendorful Can Help:

  • Streamlined collection of both qualitative and quantitative data — through surveys, via API, and data import.

  • Side-by-side comparison of suppliers in a category and across all categories.

  • See how trends evolve by capturing and reviewing data over time.

  • Stakeholder-driven assessments.

  • Understand performance holistically and in context by evaluating risk, spend, and other data in concert.

  • Improve supplier engagement by providing them on-demand access to assessments and results.