Vendor Evaluation Checklist 2025

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The key steps of vendor evaluation following the scorecard method are: Define KPIs. Establish a scoring mechanism. Collect data. Analyse and interpret data. Provide feedback to suppliers. Monitor performance continuously.
Usually, criteria like materials delivery, quality, cost, financial position, communication, and technology are the commonly used ones. However, there can be many other criteria, more important than those mentioned above, depending on the process.
If youre looking for new suppliers, pay close attention to quality, capacity, risks, costs, and pricing, AKA the five key factors to consider in a supplier evaluation for a new or existing vendor.
We identify, based on the literature, the 7 Cs of supply chain management: Connect, Create, Customise, Coordinate, Consolidate, Collaborate and Contribute.
The 7-Cs of LogisticsConnect, Create, Customize, Coordinate, Consolidate, Collaborate, and Contributeprovide a valuable guide for todays supply chain management.

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There are several steps you can take to evaluate a supplier: Define your metrics. Identify potential vendors. Communicate with vendors. Understanding business needs. Defining performance indicators. Improving vendor relationships. Identifying risks.
The 10 Cs Model in Detail Competency. First, look at how competent the supplier is. Capacity. The supplier needs to have enough capacity to handle your companys requirements. Commitment. Your supplier needs to provide evidence that they are committed to high quality standards. Control. Cash. Cost. Consistency. Culture.

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