How many times have you hired a supplier and regretted that decision later? Have you been lately realizing that the quality of the products is being compromised? Have thoughts like this vendor might ruin my organization’s reputation come to your mind time and again?

 

Then it’s high time you conduct a vendor evaluation.

 

Download Ready Made Vendor Evaluation PowerPoint Deck

 

Vendor evaluation is basically the process of evaluating and approving potential suppliers. This supplier evaluation can also be applied to the current vendors to measure and assess their performance to reduce costs, mitigate risks and drive continuous improvement.

 

You don’t have to spend hours in scanning a perfect supplier for you. We bring you 7 essential vendor evaluation PowerPoint templates that will take the burden off you and help you find responsible and professional suppliers for your organization.

 

7 Must Have Vendor Evaluation PowerPoint Templates:

 

  • Vendor Quality Evaluation:

Vendor Quality Evaluation

 

 

Above is the template showcasing the classification based on which vendors can be evaluated. Evaluators can ask question such as - Was the delivery on time, how many products have been scrapped or returned, how many customer complaints were received, or how many corrective actions were issued to a supplier or vendor. Answer these questions to assess where the vendor lacks and decide whether you want to go ahead with the vendor or give him a chance to improve.

 

  • Vendor Audit Checklist:

Vendor Audit Checklist

 

 

Use this vendor audit checklist to see whether a vendor meets your criteria and then welcome him on-board with you. Ensure that the vendor understands your business requirements and meets business standards. This template will help you set a certain guideline for the vendor. Inspect and evaluate vendor’s quality management system, products, material meeting quality specifications and requirements. You should be conducting a vendor audit to reduce costs and improve quality control.

 

  • Risk Assessment Checklist:

Risk Assessment Checklist

 

Whether you have few or more vendors, they play an important role in your company’s success. However, some might be critical in nature and that’s why they need to be monitored carefully to curb the losses your company might face.  This risk assessment checklist comprises of questions that you can ask to the vendors. Add your questions to assess their risk level. Give them points for each question and the total point value is then compared against your risk level point thresholds to arrive at the vendor's risk level.

 

  • Vendor Risk Assessment Matrix:

Vendor Risk Assessment Matrix

 

 

This step is the continuation of the above step. Once you calculate the points of the vendors, you can clearly see which vendor is at the highest level of risk.

 

  • Vendor Rating Scorecard:

Vendor Rating

 

 

This vendor-to-vendor rating system is used by many companies. Each vendor is reviewed against another specific vendor for price, quality, delivery, and more. Different vendor ratings are established but these can be changed as per the requirements.

 

  • Detailed Vendor Evaluation Comparison:

Vendor Evaluation Comparison

 

 

Conduct a detailed analysis of vendors based on certain guidelines and points. This detailed vendor evaluation will help you decide which vendor to keep and which one to go.

 

  • Supplier Performance Management Scorecard:

Supplier Performance Management Scorecard

 

 

This is the document that has an extensive analysis of a specific vendor. It comprises of vendor’s name, date, respondent’s name. This template showcases the proper guidelines that a vendor is supposed to meet. It has a rate supplier requirement points also where you can give the points to the vendor based on your analysis.

 

Download Content-Ready Vendor Evaluation Complete Deck

 

Carry out a vendor evaluation to get access to the bunch of good suppliers available for use. Have these vendor audits regularly for quality control in organization.