supplier performance evaluation

Supplier performance evaluation is the process of assessing how well a supplier meets a company's expectations and requirements. It involves reviewing factors such as product quality, delivery timeliness, cost, communication, and responsiveness. The goal is to ensure the supplier consistently provides reliable and high-quality goods or services, identify areas for improvement, and make informed decisions about continuing or adjusting the relationship. Regular evaluations help companies maintain smooth operations, control costs, and build strong, dependable partnerships with their suppliers.