Vendor Scorecard Tracker

Vendor Scorecard Tracker

Whether it's sourcing raw materials or providing SaaS platforms, vendors play an essential role in your company's growth. Growing businesses can find it challenging to monitor vendor performance, creating issues like duplicate purchases and maintaining proper vendor relationships which hampers growth. 

Vendor scorecards simplify vendor management and are critical for monitoring vendor performance. Vendor scorecards are used to track and measure vendor performance. They can vary from simple to complex and contain as many or as few criteria as deemed effective in accomplishing an organization’s goals. When used appropriately and consistently, vendor scorecards can strengthen relationships, improve costs and mitigate errors. 

This vendor scorecard tracker is used to view the summary and different views of the ratings of the vendors which are based on the results of the assessment. The vendor scorecard contains the name of the vendors and their ratings. A vendor scorecard is used to compare and contrast the current vendor’s results with his previous ones and it can also be compared with the other vendors.

To know more, access this tracker by completing the form and clicking “Download Now.”