Supplier performance evaluation
- Engage suppliers in a philosophy of continuous improvement of their products and services over the long term
- Undertake objective evaluations of your suppliers using qualitative and quantitative criteria
- Develop joint performance improvement plans with suppliers
Regular evaluation of supplier performance is a fundamental component of risk management and continuous improvement, fully supported by Ivalua Buyer.
Numerous metrics from multiple sources can be collected and consolidated into supplier ratings, providing objective and quantifiable user feedback from anywhere in the company. The resulting analysis becomes a strategic tool in contract negotiations and continuous improvement of the supplier’s products and services.
This assessment often leads to the development of a performance improvement plan with the supplier, tied to quantifiable objectives and performance indicators. This process encourages the supplier to commit to results and makes their improvement efforts more transparent, with the aim of developing a lasting partnership.