Supplier Contract Prioritization Template

More procurement templates

Efficiently manage and prioritize your automotive supplier contracts with this comprehensive template. Using the Priority Matrix, this template guides you through evaluating contracts based on urgency and importance, ensuring critical suppliers receive the attention they need.

From reviewing current contracts and establishing criteria to monitoring performance and automating tasks, this template provides a structured approach to streamline your contract management process and optimize supplier relationships.

Get this template on priority matrix

Supplier Contract Prioritization for Priority Matrix

Supplier Contract Prioritization in Priority Matrix

Prioritize automotive supplier contracts effectively using the Priority Matrix.

You can start using Supplier Contract Prioritization or other Procurement Project Templates with Priority Matrix in just a few steps:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer to use the Mac and Windows app download Priority Matrix and take your data with you
If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.


Proposed Tasks

Urgent and Important

  • Conduct Yearly Supplier Contract Audit
    ☐ Perform an annual audit of all supplier contracts
  • Develop Action Plan for Q1 Contracts
    ☐ Create a plan to manage each urgent and important contract
  • Establish Contract Renewal Reminders
    ☐ Set reminders for contract renewals well in advance of their expiration dates
  • Monitor Contract Performance
    ☐ Track supplier performance under each contract
  • Prioritize Contracts Using Eisenhower Matrix
    ☐ Assign each contract to a quadrant based on importance and urgency
  • Review All Current Supplier Contracts
    ☐ Identify contract expiration dates ☐ evaluate supplier performance ☐ check for any contract breaches
  • Terminate Underperforming Contracts
    ☐ End contracts with suppliers who are not performing up to standards

Important, Not Urgent

  • Document Contract Management Processes
    ☐ Create a comprehensive document detailing all contract management processes
  • Establish Criteria for Importance and Urgency
    ☐ Define what makes a supplier important ☐ determine what constitutes urgency in contract management
  • Establish Regular Contract Review Meetings
    ☐ Schedule recurring meetings to review contract performance and prioritization
  • Renegotiate Contracts as Needed
    ☐ Initiate negotiations for contract renewals or changes
  • Review and Update Prioritization Criteria
    ☐ Adjust criteria for importance and urgency as needed
  • Reward High Performing Suppliers
    ☐ Recognize suppliers who are exceeding contract expectations
  • Schedule Reviews for Q2 Contracts
    ☐ Set reminders to review important but not urgent contracts
  • Train Team on Contract Prioritization Process
    ☐ Ensure all team members understand how to prioritize contracts

Urgent, Not Important

  • Automate Contract Management Where Possible
    ☐ Implement contract management software to automate routine tasks
  • Delegate Management of Q3 Contracts
    ☐ Assign management of urgent but not important contracts to team members
  • Maintain Contract Files
    ☐ Ensure all contract files are up to date and organized

Neither Urgent nor Important

  • Set Low Priority Reminders for Q4 Contracts
    ☐ Schedule low priority reminders for contracts that are neither urgent nor important
  • Stay Updated with Market Trends
    ☐ Keep abreast with the latest trends in the automotive industry that could affect supplier contracts