Supplier Performance-Cost Matrix

The Supplier Performance-Cost Matrix is a 2x2 matrix used to compare the performance and cost of different suppliers. It helps businesses make informed decisions about which supplier to use.

At a very high level, the Supplier Performance-Cost Matrix is used in the context of business, finance.

Supplier Performance-Cost Matrix quadrant descriptions, including examples
Want to try this template?
Other Templates

What is the Supplier Performance-Cost Matrix?

A visual explanation is shown in the image above. The Supplier Performance-Cost Matrix can be described as a matrix with the following quadrants:

  1. High Performance, Low Cost: Suppliers with high performance and low cost, e.g. a supplier offering high quality products at a competitive price.
  2. High Performance, High Cost: Suppliers with high performance and high cost, e.g. a supplier offering high quality products at a premium price.
  3. Low Performance, Low Cost: Suppliers with low performance and low cost, e.g. a supplier offering low quality products at a competitive price.
  4. Low Performance, High Cost: Suppliers with low performance and high cost, e.g. a supplier offering low quality products at a premium price.

What is the purpose of the Supplier Performance-Cost Matrix?

The Supplier Performance-Cost Matrix is a 2x2 matrix used to compare the performance and cost of different suppliers. It helps businesses make informed decisions about which supplier to use. The matrix is divided into four quadrants, each representing a different combination of performance and cost. The top left quadrant represents suppliers with high performance and low cost, the top right quadrant represents suppliers with high performance and high cost, the bottom left quadrant represents suppliers with low performance and low cost, and the bottom right quadrant represents suppliers with low performance and high cost.

The Supplier Performance-Cost Matrix can be used to evaluate the performance and cost of different suppliers and make an informed decision about which supplier to use. For example, a business may be looking for a supplier with high performance and low cost. By evaluating the performance and cost of different suppliers, the business can identify the supplier that best meets its needs.

The Supplier Performance-Cost Matrix is a useful tool for businesses to make informed decisions about which supplier to use. It can help businesses identify the supplier with the best combination of performance and cost, allowing them to make the most cost-effective decision.


Want to try this template?

What templates are related to Supplier Performance-Cost Matrix?

The following templates can also be categorized as business, finance and are therefore related to Supplier Performance-Cost Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

How can I use Supplier Performance-Cost Matrix in Priority Matrix?

You can get Supplier Performance-Cost Matrix in your Priority Matrix in just a moment:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer it, download Priority Matrix and take your data with you

Learn more about Supplier Performance-Cost Matrix, and get free access to lots of other templates, at templates.app. Once you are comfortable with the document, you can easily export to Excel, if you prefer to work that way.

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.