The Scorecard project is needed as we are currently conducting quarterly business reviews with our vendors; however, the conversations tends to focus on general business status vs vendor performance.
In my current role, I’m not aware of a process for Vendor Information Updates. IF one does not exist, I see value in implementing across the org. We’ve had a lot of change internally within the organization with regard to vendor relationships owners, so this is a good opportunity to engage with vendor update information on both sides.