In which Practice Area would practices for evaluating supplier performance typically be found?

Practices for evaluating supplier performance are specifically located within the Supplier Performance Evaluation practice area. This area focuses on assessing how well suppliers meet the established criteria and requirements agreed upon in their contracts or agreements. This evaluation is essential for ensuring that suppliers contribute effectively to the overall goals of the organization.

Supplier performance evaluation involves measuring various aspects of supplier delivery, quality of products or services, compliance with standards, and responsiveness to issues. By regularly evaluating this performance, organizations can make informed decisions regarding supplier relationships, identify areas for improvement, and ensure that supplier contributions are aligned with business objectives.

The other practice areas mentioned, while related to suppliers, serve distinct functions. Supplier agreement management deals with the creation and maintenance of contractual agreements with suppliers. Supplier source selection is about choosing the right suppliers based on specific criteria and requirements before contracts are established. Supplier relationship management focuses on maintaining and improving the relationship with suppliers after selection, emphasizing collaboration and communication. All of these areas are important aspects of supplier management, but the specific focus on assessing performance is found solely within the Supplier Performance Evaluation practice area.