Supplier Performance Management Software for Modern Procurement

The procurement teams must indeed sympathize-the manual evaluation of suppliers, comparing endless spreadsheets, and making sense of range performance data can be really time-consuming, subjective, and often inconsistent. As a result, decisions are delayed and opportunities for improvement are lost. This will now change with Vendora’s latest innovation, the Automated Rating Engine, a world-class supplier management tool aimed at bringing unparalleled transparency, consistency, and automation into your vendor evaluation exercise.

What the Automated Rating Engine Does

Vendora’s Auto Rating Engine performs automatic scoring and assessment of address suppliers using a variety of KPIs so that it creates a picture that shows data-driven reliability and efficiency about suppliers. It works as follows:

• Automated Scoring: Suppliers are rated on their delivery performance, quality, responsiveness, and pricing trend without bias and manual implementation.
• Custom KPI: Customize your parameters of assessment of supplier performance across a category or business requirement for insights specific to you.
• Dashboards: A supplier rating dashboard is provided showing comparisons across suppliers and time frames for faster, better decision-making.
• Collaboration Feedback Loop: Suppliers can see the ratings, relay feedback, and take corrective action thus establishing a transparent, continuous cycle of improvement.

Why Automation Matters in Supplier Management

Traditionally, the supplier assessment has been based on subjective evaluation or delayed review of inputs. Performance-based assessments with Vendora’s Automated Rating Engine:

• Save Time: Forget hours of manual evaluation and enjoy real-time scoring.
• Increase Accuracy: Ratings now reflect actual performance metrics, not simply subjective guessing.
• Increase Accountability: Suppliers will view their ratings and respond accordingly.

Improve Procurement Analytics: Visual insights will instantaneously allow procurement to recognize top performers and areas needing improvement.

See the Bigger Picture with Procurement Analytics

Vendora’s supplier rating dashboard offers intuitive visuals and filters that let teams compare supplier performance over time. Whether you’re managing logistics, raw materials, or indirect spend, the engine gives you the analytics you need to make informed procurement decisions — fast.

Built for Continuous Improvement

A feedback loop allows the suppliers to identify how they are performing. Collaboration, transparency, and stronger long-term partnerships are assured this way. Feedback is not only to measure but to grow together.

Ready to Automate Your Supplier Evaluation?

Automated, transparent, and data capable is the future of supplier management. Vendora’s Automated Rating Engine provides your team with the insights to make more informed sourcing decisions and enhance supplier relationships.    

Try Vendora’s Automated Rating Engine today.

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