Supplier management includes monitoring, recording, and assessing supplier performance and reporting that performance to suppliers.
Key steps in this process include identifying key suppliers and performance categories, defining the scoring methodology that includes ‘weighting’ categories, evaluating and recording supplier scores, and reporting these performance evaluations to the supplier at regular intervals.
If you do not have a Supplier Performance Scorecard and would like an example, you can download a copy using the link below.
There are two documents in this link. One of the copies is blank and the other copy is completed as an example. The scorecard also has the ‘quality and business’ scores methodology defined.