Vendor Evaluation Form Templates for MS Word

A vendor evaluation form is used when you want to evaluate the overall performance of the vendor that you are working with. This is one of the basic processes in any business since it has a direct effect on business growth and popularity. Having a good and honest vendor is very useful for the business. If the vendor is not working according to the requirements of the business, you can terminate the contract with the vendor and can choose a better one. Checking the performance of the vendor is only possible when you have a vendor evaluation form to use.

Many online websites deal with many vendors at a time. Evaluating the performance of the vendor is very important since it has a direct impact on the number of visitors visiting the website and doing shopping.

What it should include?

A vendor evaluation form should include all details related to the vendor. Applying the strength factor with 5 being the strongest and 1 being the weakest can be the best to perform the evaluation. You can sum up all the evaluation columns when you want to conclude what you have evaluated. You can also compare your concluded evaluation of the vendor with other vendors to see the performance. You can also make the vendor evaluation form in the form of a survey form which can also serve as the best way to perform an evaluation.

The evaluation of the vendor is based on the quality of the product that he provides as well as the response time. The main details that are included in the supplier information form are the name of the supplier, the date on which the evaluation is being carried out, the contact details of the vendor, the company’s details of the vendor, the number of employees dealing with the vendor, etc.

Vendor Evaluation as Survey

The form also serves as a survey form in which several questions are included regarding the performance of the vendor. Some of the main questions that the form contains are about the vendor’s timeliness in delivering the product to the customer, the quality of the product delivered, the competitiveness of price, the quality of the services available, the rating of credits, financial conditions, the reputation of company, the expertise of the staff working in the company, etc.

You can also add some more questions in the form specific to the product if you are preparing a customer-specific form. Each question being asked in the form can provide 3 or more options starting from satisfactory to completely unsatisfactory. The customer can choose any of the given options to rate the performance of the supplier. The form also contains a review or comment column at the end which asks for the comment of the customer on the performance of the vendor.

About Template

You can also prepare a vendor evaluation form for yourself if you know about the contents of the form. Make sure that you have added all the necessary details in the form which will make the process of evaluation very quick and easy for you. You can also use an easy-to-use and highly customizable template to deal with the evaluation.

Preview and Details of Templates