Ulysses-VRM v.2.0 is an application that allows users to evaluate and rate the performance of suppliers or internal departments in an objective manner. It incorporates functionality for configuring performance indicators, weights, and thresholds; updating source data; issuing vendor ratings; checking and saving results; and generating comparison reports for individual suppliers. The application provides a standardized process and tools to monitor, evaluate, and compare the performance of external vendors and internal groups over time.