Understanding Vendor KPI Groups setup and use in Vendor Management Workspace

  • Release version: Washingtondc
  • Updated February 1, 2024
  • 1 minute to read

    • Learn how you can organize your vendors into Vendor KPI Groups. Understand how you can set up Vendor KPI Groups and how vendor scores get calculated and displayed in the Vendor Management Workspace.

    Set up and use the Vendor Management Workspace configurable using User Interface Builder (UIB) with five simple steps:
    1. Organize similar types of vendors into vendor KPI group categories.
    2. Add a common set of KPIs that matter most to this type of vendors.
    3. Set upper and lower thresholds for each vendor KPI group to monitor the status of the KPIs.
    4. Add vendors to the KPI groups.

      For information on setting up KPI groups, see Create KPI groups to track metrics for your vendors.

    5. Analyze vendor health using Vendor Management Workspace. For information on using Vendor Management Workspace, see Customize a Vendor Management Workspace page using UI Builder.