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Supplier Performance Analysis

An organized process for managing and evaluating supplier performance intuitively.

Workflow template includes the following steps

Step 1 — Record Supplier Data

Record the supplier's data including their performance metrics, delivery times, quality of products or services, etc.

Due Date

Output Field Conditions

Step 2 — Conduct Periodic Surveys

Organize and conduct periodic surveys to gather feedback about the supplier's performance.

Output Field

Step 3 — Analyze Supplier Performance

Analyze the collected data and feedback to evaluate the supplier's performance.

Due Date

Output Field Conditions

Step 4 — Make Decision

Based on the analysis, make an informed decision about whether the supplier is suitable for the company or not.

+3

Conditions

This workflow template can be used as is or edited, added to and expanded upon. You can delete steps you don’t need or add steps specific to the operations of your company.

Streamline your business process by deploying our library workflow template
and then customizing it to best meet your needs

The Purpose of Supplier Performance Analysis

The Supplier Performance Analysis process is a systematic and efficient approach to manage, analyze, and evaluate the performance of suppliers. This process is designed to ensure that suppliers meet the required standards and expectations of the company. The process involves organizing periodic surveys, evaluating supplier’s performance, and making informed decisions based on the analysis.

This process provides several benefits. It allows the company to monitor and track the supplier’s performance over time, which can help in identifying any potential issues or areas of improvement. It also provides a structured approach to supplier management, which can lead to increased efficiency and effectiveness.

Furthermore, the Supplier Performance Analysis process can help in improving communication and relationship with the supplier. By providing regular feedback, the company can help the supplier to improve their performance and meet the company’s expectations. This can lead to improved quality of products or services, reduced costs, and increased customer satisfaction.

Finally, this process can also help in reducing risks associated with suppliers. By regularly evaluating the supplier’s performance, the company can identify any potential risks or issues early and take appropriate action to mitigate them. This can lead to increased reliability and stability in the supply chain.

Streamline your business process by deploying our library workflow template
and then customizing it to best meet your needs

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