With Vendor Performance KPI, businesses are able to measure the performance of their vendors in terms of value, quality and cost. By tracking these metrics, companies can ensure that their vendors are delivering on their promises, offering competitive prices and providing the highest-quality products or services. This, in turn, will help businesses mitigate risk and make informed decisions about vendor engagement. By having a full overview of vendor performance, businesses can stay agile and efficient when making strategic decisions about their suppliers.