Vendor Performance-Cost Matrix

The Vendor Performance-Cost Matrix is a 2x2 matrix used to compare the performance and cost of different vendors. It helps decision makers identify the best vendor for their needs.

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

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

What is the Vendor Performance-Cost Matrix?

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

  1. High Performance, Low Cost: Vendors in this quadrant offer high performance at a low cost, such as a high-end laptop for a low price.
  2. High Performance, High Cost: Vendors in this quadrant offer high performance at a high cost, such as a luxury car.
  3. Low Performance, Low Cost: Vendors in this quadrant offer low performance at a low cost, such as a basic laptop for a low price.
  4. Low Performance, High Cost: Vendors in this quadrant offer low performance at a high cost, such as a low-end car.

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

The Vendor Performance-Cost Matrix is a 2x2 matrix used to compare the performance and cost of different vendors. It helps decision makers identify the best vendor for their needs.

The matrix is divided into four quadrants, each representing a different combination of performance and cost. The top-left quadrant represents vendors with high performance and low cost, while the bottom-right quadrant represents vendors with low performance and high cost. The other two quadrants represent vendors with a combination of high performance and high cost, or low performance and low cost.

The matrix can be used to compare vendors in any industry, from IT to manufacturing. It can also be used to compare different products or services from the same vendor. By comparing the performance and cost of different vendors, decision makers can make an informed decision about which vendor to choose.


Want to try this template?

What templates are related to Vendor Performance-Cost Matrix?

The following templates can also be categorized as business, finance and are therefore related to Vendor 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 Vendor Performance-Cost Matrix in Priority Matrix?

You can get Vendor 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 Vendor 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.