oboloo

oboloo Glossary

Supplier Performance Supplier Scorecard Metrics

oboloo Glossary

Supplier Performance Supplier Scorecard Metrics

Supplier Performance Supplier Scorecard Metrics in procurement is the practice of assessing and monitoring the performance of suppliers against measurable criteria. This helps to ensure that suppliers are meeting their commitments, providing high-quality products and services, and ultimately contributing to the success of the organization. This can include tracking performance metrics such as on-time delivery, quality issues, cost savings initiatives, customer satisfaction scores, and innovation initiatives. By setting goals and standards for supplier performance scorecards, organizations can have more information on which to base decisions when selecting and evaluating suppliers.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971