Performance review (supplier)

A supplier performance review involves a thorough and systematic evaluation of a supplier's overall performance within the procurement process. This assessment goes beyond conventional measures and may encompass in-depth analyses of sustainability practices, conducted through online evaluations or on-site audits.

Assessing supplier performance is critical for maintaining high standards of quality, reliability, and ethical conduct. The review process seeks to ensure that suppliers meet or exceed expectations in areas such as product quality, delivery timelines, and adherence to contractual agreements.

Conducting supplier performance reviews serves as a proactive approach to risk management and aids in fostering strong, collaborative relationships with suppliers.


Learn more about Ivalua's supplier management and performance solutions.