{"id":2075,"date":"2005-05-23T11:18:00","date_gmt":"2005-05-23T11:18:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2005\/05\/23\/metrics-supplier-evaluation\/"},"modified":"2021-07-28T07:12:36","modified_gmt":"2021-07-28T11:12:36","slug":"metrics-supplier-evaluation","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/","title":{"rendered":"Metrics and Supplier Evaluation"},"content":{"rendered":"<p>One topic I am often asked to speak about is supplier evaluation.<\/p>\n<p>A question that I am virtually guaranteed to hear during my presentation is \u201cHow many metrics should I use when evaluating supplier performance?\u201d The number I like to recommend is four. I feel that by using four metrics, you can address the most important categories of supplier performance and can create a four-quadrant dashboard.<\/p>\n<p>If you use less than four metrics, you\u2019re probably going to miss an important aspect of supplier performance in the evaluation. If you use many more (around 8 or more), you are going to dilute the value of each metric. It will be more difficult for the supplier to understand its overall performance and the priority of each metric becomes unclear.<\/p>\n<p class=\"p1\"><b>Recommended Reading<\/b><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Leveraging SWOT Analysis for Procurement Strategies<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/course\/view.php?id=5\">Managing Supplier Performance<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Assess Supplier Financial Risk<\/a><\/li>\n<li class=\"li1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\">Best Cost Reduction and Performance Management Strategies<\/a><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\"><a href=\"https:\/\/lms.nextlevelpurchasing.com\/\"><b>NLPA Learning<\/b><\/a><b>:<\/b>\u00a0Looking for authoritative procurement templates, tools, webinars, and more? Stop trying to create resources from scratch and start taking advantage of having exactly what you need right at your fingertips in\u00a0NLPA Learning.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One topic I am often asked to speak about is [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metrics and Supplier Evaluation - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metrics and Supplier Evaluation - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"One topic I am often asked to speak about is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2005-05-23T11:18:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-28T11:12:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-036.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"2399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Metrics and Supplier Evaluation\",\"datePublished\":\"2005-05-23T11:18:00+00:00\",\"dateModified\":\"2021-07-28T11:12:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/\"},\"wordCount\":188,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/metrics-supplier-evaluation\/\",\"name\":\"Metrics and Supplier Evaluation - 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