/

What is Vendor Performance Analysis?

ValQ
December 20, 2021

Vendor Performance Analysis is a practice of monitoring and analyzing the performance and reliability of the vendors in an organization. Vendor performance monitoring helps in improving the efficiency and profits for the procuring side of an organization.

This Analysis ensures that a supplier’s performance meets the expectations defined in the service-level agreement and is as per the market standards. It helps to manage supplier’s current performance, identify performance gaps, and mutually decide the actions to achieve desired performance level.

Different parameters like financial health, operational performance, contract performance, business processes, year-on-year price changes, etc., are evaluated in this analysis. Following are some of the crucial KPIs for Vendor Performance Analysis:

1. Quantity
2. Risk Management
3. Delivery Performance
4. Cost-Effectiveness
5. Service
6. Innovation

Try out the free demo for Vendor Performance Analysis using Microsoft Power BI here.

Download the latest version of ValQ here and get started with ValQ Plan today.

Get ValQ brochure

Discover the incredible power of dynamic and collaborative business planning with ValQ
Download now

Visualize and analyze business outcomes with ease

Discover how ValQ delivers agile, interactive and intuitive business planning.
Request a Demo

Get ValQ brochure

Discover the incredible power of dynamic and collaborative business planning with ValQ
Download now

Visualize and analyze business outcomes with ease

Discover how ValQ delivers agile, interactive and intuitive business planning.
Request a Demo
ValQ
About ValQ!
ValQ empowers analysts, executives and decision-makers across departments and functions. Model any business scenario in minutes, build complex business plans, what-if simulations, create & compare budgets, forecasts and scenarios – all within Microsoft Power BI. The product is developed by Lumel Technologies (formerly Visual BI), which has a decade of experience in building add-on solutions on top of BI platforms (SAP BI and Power BI) with our suite of innovative products such as xViz and Inforiver.

Headquarters

5920 Windhaven Pkwy, #130
Plano TX 75093
Inforiver
xViz
cross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram