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Vendor assessment is an evaluation and approval process that businesses can use to determine if prospective vendors and suppliers can meet their organizational standards and obligations once under contract. The end goal is to secure a low-risk, best-in-class vendor and supplier portfolio.
Ask for reviews and endorsements by customers or independent sources of the quality of the item or service. Quality Management. Look into quality processes that the vendor employs, such as total quality management (TQM), or quality control measures to quantify the standard of output.
Use this Excel scorecard to make an initial vendor selection, to compare multiple vendors, and to evaluate a single vendor on an ongoing basis. This template conveniently compiles data, so you can apply a weighted score approach and make evidence-based decisions.
To help streamline your vendor management process, below you’ll find a variety of free vendor forms and templates. Template format options include Microsoft Excel and Word as well as PDF forms. You can customize and print all of the templates, and all are free to download.
Included on this page, you will find a vendor risk assessment template, a vendor evaluation with scorecard template, a sample vendor risk assessment questionnaire template, best practices for a vendor risk assessment, as well as top tips for developing a questionnaire.
In this article, you’ll find a supplier risk assessment template with a color-coded scorecard, a supply chain risk assessment template, and a supplier security risk assessment template with pre-populated questions. Also learn why and when you should use a supply chain risk assessment checklist.
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This template is provided as a sample only. This template is in no way meant as legal or compliance advice. Users of the template must determine what information is necessary and needed to accomplish their objectives.
Included on this page, you will find best practices and tips for vendor performance management. Plus, learn how to use data to rank and chart vendor performance, find examples of KPIs by industry, and determine if you need a dashboard, balanced scorecard, or both to track vendor performance.
QBR meetings provide a place and time for suppliers and customers to build a strategic relationship that benefits both parties. Use this supplier QBR template to measure the quantitative value that your managed service providers and vendor partners offer your business.