Vendor Performance Review
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After qualification of the vendor, at what point do you initiate a performance review? Does it make a difference if you measure their performance at the middle of the cycle or at the end? Why?
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Solution Summary
This solution discusses when to initiate a performance review for a vendor and if it makes a difference if you measure their performance at the middle of the cycle or at the end. It explains the reasons for the answer. Includes APA formatted reference.
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Once a vendor has been qualified, a company should establish expectations and guidelines and communicate these (in writing) to the vendor. It is helpful to alert the vendor that a performance review will be forthcoming. The timing of the performance review is dependent upon the type of relationship the company has with the vendor. If the vendor has a ...
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