Vendor Performance Review Template helps procurement and vendor management teams document, track, and act on supplier performance over a defined period. It enables a consistent evaluation across delivery, quality, cost, and risk, with clear evidence and next steps for improvement. This template is built for quarterly reviews, contract renewals, and vendor remediation plans, so your team can decide on renewals, changes, or exits with confidence.
What's inside
Vendor context and review scope
Weighted scorecard with evidence
Issue log and risk assessment
Action plan and recommendations
Attendees and decisions log
How to use this template
Gather data from logistics, QA, finance, and contract records for the review period.
Fill in the vendor profile, contract details, and review date or period.
Complete the scorecard with objective ratings and attach evidence in each row.
Log any issues with severity, status, and resolutions; link related documents.
Propose actions, assign owners, and schedule a follow-up review or renewal decision.
FAQ
How often should I run this review?
Quarterly or at contract renewal is typical; align to your vendor risk profile and SLAs.
What if one criterion performs poorly?
Treat it as a targeted improvement item; assign a corrective action with a due date and owner, and track progress.
How should evidence be stored?
Attach or reference source documents in the Evidence column and maintain a central folder for audits.