Measure your vendor performance with Vendor Rating

Performance improvement through collaboration with your organisation 

Depending on the type of purchasing category, you may want to assess the supplier briefly or very comprehensively. In Vendor Management, you create survey templates with ease using different response options such as drop-down lists, numbers or comment boxes. Select the survey template regarding supplier and respondents in order to send out the assessment all at once. You can track progress, review results and sit down with your supplier to make purchasing improvements. 

Set your KPIs and get a clear picture of your supplier’s performance 

An important part of supplier evaluation is measuring whether your supplier is performing in accordance with the SLA and contract. Within Vendor Management, you do this by adding KPIs and setting a standard. Clear dashboards show the progress of the set KPIs and directly show how far performance deviates from the standard. You can then share these dashboards with your colleagues to work together toward the right performance! 

Compare your supplier's performance within the purchasing category and determine your success strategy 

To execute a proper procurement strategy for each procurement category, it is necessary to understand the mutual performance of the various suppliers within the respective procurement category. The supplier assessment that has been conducted is displayed in a clear matrix, which allows you to immediately see the supplier performance per quarter and per year. The results can also be shared with your supplier through the Supplier Portal, so you can work together to improve relationships and collaboration. 

Assess and verify your new suppliers through pre-qualification 

In some cases, you want your new supplier to meet certain requirements and certifications before contracting them. Through the pre-qualification process, new suppliers are asked to answer questions and provide documents of proof. After review and approval, the supplier can be created. This way you guarantee that your suppliers meet set requirements before contracting. 

• Measure supplier performance quickly and easily 
• Satisfy compliance (including ISO) 
• Avoid administrative burden in Excel and emails 
• Simple (pre-)qualification suppliers 

• Provide current supplier information 
• Timely notification of the expiration of important documentation and certificates 

Are you also interested in achieving optimal supplier performance?