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 (1โ€“5). 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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