At SourceDay, we know that effective supplier management is key to maintaining a resilient supply chain. That’s why we’re excited to introduce our upgraded Supplier Scorecards, a powerful new tool designed to give procurement and supply chain teams deeper insights into supplier performance.
With Supplier Scorecards, you can track, measure, and improve supplier relationships using real-time, data-driven insights. Now, you have a clear, objective way to evaluate supplier reliability, pinpoint risks, and drive accountability.
Why Supplier Scorecards Matter
Managing supplier performance is often a challenge, especially when data is fragmented across emails, spreadsheets, and ERP systems. Without a centralized view, it’s difficult to identify which suppliers are meeting expectations and which ones are causing delays and disruptions.
Supplier Scorecards solve this problem by providing automated, real-time performance tracking in one easy-to-use dashboard. By leveraging supplier key performance metrics, you can:
- Evaluate supplier reliability based on on-time delivery rates and responsiveness
- Identify risks early and address performance gaps before they impact operations
- Make data-backed decisions when negotiating contracts or sourcing new suppliers
- Drive continuous improvement by sharing feedback with suppliers to strengthen collaboration
Key Features of Supplier Scorecards
With this new feature, you get:
- Automated, Real-Time Performance Tracking – No more chasing down data. Scorecards pull supplier performance metrics directly from your ERP and SourceDay workflows. Get up-to-the-minute performance insights.
- Customizable Metrics – Track the KPIs that matter most to your business, including on-time delivery, responsiveness, and pricing accuracy. Set your individual benchmarks for accuracy and success.
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- Visualized Trends & Reports – Gain real-time insights with performance dashboards and historical trends – for individual suppliers and compared to your supplier network as a whole.
- Seamless Collaboration – Share scorecards with suppliers to create visibility and accountability, ensuring performance expectations are clear.
What This Means for You
Supplier Scorecards take the guesswork out of supplier performance management. Instead of reacting to late deliveries or quality issues after the fact, you can proactively manage supplier relationships and hold vendors accountable to key performance standards.
By making supplier performance transparent and measurable, procurement teams can reduce supply chain risks, improve operational efficiency, and strengthen supplier partnerships.
Get Started with Supplier Scorecards
Supplier Scorecards are now available in SourceDay’s Direct Procurement Risk Management platform. Ready to see how they work? Book a demo today to learn how Supplier Scorecards can help you optimize supplier performance and drive better business outcomes.
