Vendor Evaluation Worksheet

Vendor Evaluation Worksheet (Vendor Performance Scorecard)

For procurement professionals, the job does not get accomplished when the vendor contract is signed. The actual game begins post-signature. Building vendor relationships is a crucial skill and managing vendor performance is vital. For many, a vendor scorecard provides a way to bring objectivity to the vendor evaluation process. Vendor scorecards facilitate businesses to quantify, track and manage a vendor’s performance. Use this ready-to-use worksheet to evaluate the overall performance of your vendors based on Carter's 10 Cs model. This vendor evaluation worksheet helps either you are already engaged with vendors or are planning to work with them. 

Instructions to use this vendor evaluation worksheet:

• Include all information associated with your vendor. 
• Then, apply a strength factor- 5 being the most decisive factor, to each item you evaluate. 
• Total each column once you have completed the evaluation. 
• Add up the columns to arrive at a final total. Compare the score against other similar vendors’ scores. 

This will help you perfectly evaluate and benchmark your vendor’s performance.