1. Streamline supplier evaluation: By using this template, you can easily compare supplier performance metrics and identify areas for improvement. This can help you optimize your supplier selection process and ensure that you are working with the best suppliers for your business.

2. Reduce risks: By analyzing supplier compliance rates and risk levels, you can proactively address potential issues and mitigate risks in your supply chain. This can help you avoid disruptions and maintain a reliable supply of goods and services.

3. Improve decision-making: With a clear overview of supplier performance metrics, you can make informed decisions when selecting, negotiating with, or managing suppliers. This can lead to cost savings, improved quality, and better overall supply chain performance.