Evaluation of supplier performance is a crucial aspect of Supplier Management. Does your organization evaluate supplier's performance on an ongoing basis? What supplier KPI metrics do you consider? Do you have any standard supplier scorecard system in place? Even if you do, yet, having to monitor each aspect of supplier management can easily be under-resourced and neglected. Even when performance is evaluated, the KPIs often do not show the complete picture.
Download this ready-to-use editable supplier KPI worksheet to start measuring your suppliers' performance, positively impacting your organization, and turning procurement into a value driver. This will also assist your procurement managers in minimizing risk by seeking new suppliers with the intention to seal gaps where existing suppliers may fall short.