Vendor Performance provides you with deeper insights into how well your vendors are performing. Use this article to find out what Vendor Performance is, how to set it up, and how to use it.
What is Vendor Performance?
Within an organization, there can be hundreds of vendors to choose from when creating a purchase order. Vendor Performance calculates the quality of service that a vendor is providing you with, based off of the metrics that matter the most to you. Team members also have the availability to leave reviews for vendors, giving you more insight on how a vendor interacts with your organization. Vendor Performance gives you data that allows you to hold your vendors accountable, allowing you to select the best vendor for your order.
Watch the above video for a brief overview of Vendor Performance
What are the Benefits?
Get deeper insights into the performance of your vendors
Vendors are given scores based off of variables that you set the importance of, tailoring your results to be the most relevant for your organization's needs.
Review your vendors
Purchase Orders can be reviewed by your team members, allowing their input to be taken into consideration when selecting a vendor.
Complete visibility across multiple pages
Vendor Performance scores and reviews are visible when creating and receiving Purchase Orders, streamlining your workflow, and ensuring you always select the best vendor for the order.