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Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and associated MS Word, PDF and HTML
documents, that cover a number of financial, accounting and sales functions. These are invaluable small business tools.
Step 1 - Criteria.
Assign weights to each criteria to reflect its relative importance to your business.
Criteria
Quality =
Price =
Prompt Delivery =
Service =
Support =
Total
Weight
35
30
20
10
5
100
Price
Prompt Delivery
Service
Support
Quality =
Acceptable Lots =
Total Lots =
Price =
Lowest Quote =
Vendor 1 Quote =
Weight
Grade
Weighted Score
(Weight X Grade)
35
9
10
0.90
31.50
30
12.50
12.50
1.00
30.00
Delivery =
Ontime =
Total =
Service =
Satisfied =
Total =
Support =
Requests =
Total =
20
10
10
1.00
20.00
10
8
10
0.80
8.00
5
5
5
1.00
5.00
94.50
VENDOR 2
Criteria
Quality =
Acceptable Lots =
Total Lots =
Price =
Lowest Quote =
Vendor 1 Quote =
Weight
Grade
Weighted Score
(Weight X Grade)
35
8
10
0.80
28.00
30
12.50
13.50
0.93
27.78
Delivery =
20
0.80
16.00
10
8
10
0.80
8.00
5
4
5
0.80
4.00
Ontime =
Total =
10
Service =
Satisfied =
Total =
Support =
Requests =
Total =
83.78
VENDOR 3
Weight
Grade
Weighted Score
(Weight X Grade)
35
7
10
0.70
24.50
30
12.50
12.50
1.00
30.00
20
6
10
0.60
12.00
10
7
10
0.70
7.00
5
1
0.20
1.00
Requests =
Total =
Criteria
Quality =
Acceptable Lots =
Total Lots =
Price =
Lowest Quote =
Vendor 1 Quote =
Delivery =
Ontime =
Total =
Service =
Satisfied =
Total =
Support =
74.50
Based on this analysis you should purchase from the highest vendor rating. Which is =
94.50