What are the most effective vendor performance evaluation techniques?
Vendor performance evaluation is a crucial process for facility managers (FMs) who rely on external service providers to deliver quality, cost-effective, and timely solutions for their facilities. Evaluating vendors regularly can help FMs identify strengths and weaknesses, improve communication and collaboration, and foster long-term partnerships. However, not all evaluation techniques are equally effective, and some may even cause more harm than good. In this article, we will explore some of the most effective vendor performance evaluation techniques that FMs can use to enhance their vendor relationship management.