You're assessing a vendor's performance. How do you determine its impact on your business operations?

To gauge a vendor's influence on your business, consider the following strategies:

- Track metrics like delivery times, quality of goods, and response to issues. These numbers will highlight areas of strength and concern.

- Solicit feedback from internal teams interacting with the vendor to understand their day-to-day impact.

- Review contractual agreements for compliance, ensuring that service levels and expectations are being met.

How do you measure your vendors' effectiveness in supporting your operations?