Vendor Evaluation Analysis
For
Your Business, Inc.
How can the small business owner objectively evaluate the various
advantages and disadvantages of each vendor? One method is this
form that evaluates each supplier on key purchasing variables.
Enter numbers in shaded cells only. This Sheet is unprotected . . . Be Careful!
Step 1 - Criteria.
Assign weights to each criteria to reflect its relative importance to your business.
Criteria Weight
Quality = 35
Price = 30
Prompt Delivery = 20
Service = 10
Support = 5
Total 100
Step 2 - Grading scale for each criteria
Quality Number of acceptable lots from vendor divided by total
number of lots from vendor.
Price Lowest quoted price of all vendors divided by vendor X.
Prompt Delivery Number of ontime deliveries from vendor divided by
total number of deliveries by vendor.
Service A subjective evaluation of the variety of services
offered by each vendor.
Support A subjective evaluation of the advice and assistance
provided by each vendor.
Step 3 - Compute a weighted score for each vendor
VENDOR 1
Weighted Score
Criteria Weight Grade (Weight X Grade)
Quality = 35 0.90 31.50
Acceptable Lots = 9
Total Lots = 10
Price = 30 1.00 30.00
Lowest Quote = 12.50
Vendor 1 Quote = 12.50
© Copyright, 2003, JaxWorks, Inc., All Rights Reserved.
Delivery = 20 1.00 20.00
Ontime = 10
Total = 10
Service = 10 0.80 8.00
Satisfied = 8
Total = 10
Support = 5 1.00 5.00
Requests = 5
Total = 5
94.50
VENDOR 2
Weighted Score
Criteria Weight Grade (Weight X Grade)
Quality = 35 0.80 28.00
Acceptable Lots = 8
Total Lots = 10
Price = 30 0.93 27.78
Lowest Quote = 12.50
Vendor 1 Quote = 13.50
© Copyright, 2003, JaxWorks, Inc., All Rights Reserved.
Delivery = 20 0.80 16.00
Ontime = 8
Total = 10
Service = 10 0.80 8.00
Satisfied = 8
Total = 10
Support = 5 0.80 4.00
Requests = 4
Total = 5
83.78
VENDOR 3
Weighted Score
Criteria Weight Grade (Weight X Grade)
Quality = 35 0.70 24.50
Acceptable Lots = 7
Total Lots = 10
Price = 30 1.00 30.00
Lowest Quote = 12.50
Vendor 1 Quote = 12.50
Delivery = 20 0.60 12.00
Ontime = 6
Total = 10
Service = 10 0.70 7.00
Satisfied = 7
Total = 10
Support = 5 0.20 1.00
Requests = 1
Total = 5
74.50
Based on this analysis you should purchase from the highest vendor rating. Which is =
94.50
© Copyright, 2007, Jaxworks, All Rights Reserved.
© Copyright, 2003, JaxWorks, Inc., All Rights Reserved.
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