Vendor Selection Evaluator
PROSystematically score vendors across cost, quality, reliability, and strategic fit using weighted scorecards and multi-criteria decision frameworks.
Example Usage
“I need to evaluate three cloud infrastructure vendors (AWS, Azure, Google Cloud) for a 3-year enterprise migration. My priorities: technical capability (30%), cost flexibility (25%), security certifications (25%), and AI/ML roadmap alignment (20%). Create a weighted scorecard framework and help me score each vendor based on their RFP responses.”
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Suggested Customization
| Description | Default | Your Value |
|---|---|---|
| Weight for cost criteria (0-1) | 0.25 | |
| Weight for quality criteria (0-1) | 0.35 | |
| Weight for delivery reliability (0-1) | 0.20 | |
| Weight for strategic fit (0-1) | 0.20 | |
| Maximum score (typically 5 or 10) | 5 | |
| Risk score triggering mitigation | 3.0 |
Research Sources
This skill was built using research from these authoritative sources:
- Vendor Scorecard 101: Definition, Examples, and Benefits Practical vendor scorecard methodology with 1-5 scoring scale and weighted criteria examples
- The Ultimate Vendor Selection Framework for 2025 Modern framework covering financial, operational, quality, service, and strategic criteria
- 10 Best Practices For a Better Vendor Selection Process Enterprise best practices including security weighting and technical capability assessment
- Vendor Scorecards: Complete Guide For Procurement Enterprise-scale scorecard deployment with supplier segmentation strategies
- Best 10 Vendor Risk Management Tools (2024 List) Risk management platform comparison for third-party assessment
- MCDM-AHP and ELECTRE for Vendor Selection Academic research on multi-criteria decision-making methods for vendor evaluation
- Vendor Evaluation Platform for Medical Equipment Multi-criteria methodology using MOORA, SAW, and TOPSIS with weighted criteria
- The Complete Guide to Vendor Selection Process Comprehensive guide with 11 vendor selection criteria
- Why Are We Treating Vendors Like Line Items? Real-world procurement challenges and strategic partnership perspectives
- BPO Vendor Selection: Strategic Frameworks Strategic framework for governance and operating model alignment