Supplier Dashboard

Creating a Supplier Dashboard with a standard set of metrics allows you to compare vendor performance apples-to-apples. Relationships are super important when it comes to working with suppliers, but relationships can’t be the only metric for the business relationship—having numbers to validate their performance is an absolute necessity.

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This supplier dashboard includes a supplier calculator that requires only a few delivery inputs to provide calculates outputs such as; PPM. Process Sigma, Responsiveness ratings, On-time Delivery %, Fill Rate, Delivery Rating %, Severity Scores, Quality Score and Delivery Score.

 

The end product is a Supplier Scorecard that is easy to read with visual performance data. The Supplier dashboard contains many other individual supplier performance charts to help monitor each supplier's performance.

 

The Supplier dashboard is important for any type of business that relies on vendors/suppliers because it helps capture, store, and calculate performance metrics. This provides transparency in your operations and finance functions and a single source of truth for everyone involved.

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The capture, analysis, and communication of key data points between supplier and buyer can lead to better outcomes for both parties. The end result of that type of collaboration is a cycle of continuous improvement.