Templates
Vendor Management
Supplier Performance Management Process
📊

Supplier Performance Management Process

Streamline supplier management with our comprehensive workflow, optimizing performance through tailored KPIs, continuous evaluation, and strategic improvement plans.
1
Identify key suppliers to be managed
2
Establish key performance indicators (KPIs) for each supplier
3
Design a supplier performance evaluation form
4
Collect data on supplier performance
5
Complete evaluation form for each supplier
6
Approval: Evaluation Form
7
Hold a meeting with each supplier to discuss the evaluation
8
Develop a supplier improvement plan
9
Agree on the improvement plan with the supplier
10
Implement the supplier improvement plan
11
Monitor progress on the improvement plan
12
Approval: Progress Report
13
Conduct follow-up evaluations to assess improvements
14
Review and update KPIs as necessary
15
Approval: Updated KPIs
16
Communicate any changes in KPIs to suppliers
17
Monitor overall supplier performance trend
18
Identify any additional support needed for suppliers
19
Plan and implement additional support measures
20
Approval: New Support Measures