Source selection criteria
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Source selection criteria describes properties that are crucial for a purchaser when deciding on a supplier. Criteria can be subjective or objective. Individual judgment can be biased, which may require balancing with objective measures. One approach is to identify a list of criteria such as cost and financial stability, assign a weight to each one and to score each vendor on each criterion. Then multiply the score by the weight and sum to get a final score.[1][2]
Criteria
[edit]Criteria can be specific to the desired item(s). Sample criteria:
- Total costs (including works and maintenance)
- Ability to finance
- Capability for technical matters
- The distribution of risks
- The shape of business
- Previous works and references
- Providing Warranty
See also
[edit]References
[edit]- ↑ "Source Selection Preparation and Evaluation". 18 July 2013.
{{cite journal}}: Cite journal requires|journal=(help) - ↑ "Source Selection". Retrieved 31 March 2017.