How do you measure vendor performance?

Vendor performance measurement is an exercise that involves the observation of key performance indicators (KPI) such as delivery times, service quality, and cost adherence. The regular evaluations reveal the potential risks and improvement solutions. Vendor management software is designed in a way that it can help vendors to perform their duties more efficiently by facilitating vendor performance measurement and ‍‌‍‍‌‍‌‍‍‌reporting.

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