oboloo Glossary

Vendor Performance Scorecard

oboloo Glossary

Vendor Performance Scorecard

Vendor Performance Scorecard

Vendor performance scorecards are used to measure and compare the relative performance of different vendors. They can be used to assess vendor performance across a range of factors, including quality, delivery, customer service, and price.

Vendor performance scorecards typically include a list of weighted criteria that are used to calculate a vendor’s overall score. The criteria may be specific to the products or services being purchased, or they may be general measures of vendor performance. Vendors are typically given a certain amount of time to complete their scorecard before it is due.

The goal of using a vendor performance scorecard is to ensure that you are getting the best possible value for your money when you purchase products or services from vendors. By taking the time to compare vendors’ relative performance on a scorecard, you can make sure that you are making the best possible choice for your needs.