What is a Supplier Scorecard?

A Supplier Scorecard is indeed a tool used to evaluate a supplier's performance metrics. This scorecard typically includes various key performance indicators (KPIs) that are relevant to assessing a supplier's reliability, quality, delivery, and overall service levels. It provides a structured way for organizations to measure how well their suppliers are meeting terms of contracts, expectations, and product specifications.

By quantifying these performance metrics, companies can objectively compare suppliers, identify areas for improvement, and make informed decisions about current and future supplier relationships. This systematic evaluation aids in fostering collaboration and accountability between companies and their suppliers, ultimately improving the supply chain's effectiveness.

Other options refer to different performance evaluations or documents that relate to other business areas such as employee performance, sales strategies, and customer order tracking, which do not address the specific focus on supplier evaluation that a Supplier Scorecard embodies.