A data-driven guide to selecting consistently trustworthy vendors by monitoring key performance indicators.
In the world of global sourcing and GTBuyGTBuy Spreadsheet
Focus on these three critical columns in your analysis to create a comprehensive vendor profile:
This is the primary indicator of product quality and adherence to specifications.
Pro Tip: Dig deeper into failed inspections. Was it a packaging error, a minor defect, or a critical functionality issue?
Measures a seller's reliability in meeting scheduled timelines, impacting your entire logistics plan.
Pro Tip: Note the average length of the delay. A one-day slip is different from a week-long postponement.
While qualitative, this can be quantified in your spreadsheet (e.g., "Responded within 4 hours").
Pro Tip: Use a simple rating system (e.g., 1-5) for response effectiveness alongside timing notes.
