SUPPLIER PERFORMANCE ANALYSIS: A FRAMEWORK FOR EVALUATING SOURCING EFFICIENCY
Keywords:
Supplier Performance, Supply Chain Management, Procurement Efficiency, Key Performance Indicators, Decision-Making Framework.Abstract
Supplier performance evaluation is a crucial aspect of supply chain management that impacts cost efficiency, operational stability, and customer satisfaction. This study aims to develop a comprehensive framework for evaluating supplier performance using key performance indicators (KPIs), including delivery reliability, defect rates, cost efficiency, and customer satisfaction. The research utilizes publicly available supplier performance data to conduct an in-depth analysis of suppliers based on weighted scoring methods. Statistical and data visualization techniques are used to rank suppliers, identify strengths and weaknesses, and provide strategic recommendations for supplier selection. The results highlight the impact of structured supplier evaluation in mitigating supply chain risks and optimizing procurement processes. The study concludes that a systematic approach to supplier evaluation leads to improved decision-making and long-term business sustainability.
