Vendor Performance
Track reliability
4 min read
Monitor delivery times, accuracy, and responsiveness.
Indicators
- On-time delivery rate
- Order accuracy
- Response time
- Pricing competitiveness
- Part quality
Tip
Review performance annually. Consolidate with top-performing vendors.
Qualification & approval
Each vendor moves through an approval lifecycle, separate from its active/inactive status. Submitting for approval requires vendor edit rights; approving, rejecting, or suspending requires the vendor approval permission.
- Draft โ newly added, not yet submitted
- Pending approval โ awaiting a decision
- Qualified โ approved for work
- Rejected โ not approved
- Suspended โ temporarily on hold
Performance scorecard
Record periodic evaluations rating each vendor on quality, cost, schedule compliance, and communication (1โ5). The overall score is the average of the four axes, and the vendor's running average rating appears on its detail page.
Tip
Set a re-qualification date when approving a vendor โ FreeMaint sends a reminder 30, 15, and 7 days before it expires.
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