I hope that you have enjoyed the article “Supplier Scorecard Price Comparison Formula.”

Don’t miss updates on Procurement & Supply Chain, Subscribe here!

I recently made a major, MAJOR supplier selection using the supplier scorecard approach. What was atypical about it was that price was only weighted at 10%.

In my experience, most sourcing initiatives that use a supplier scorecard as a guide for supplier selection weigh price much higher. Like 60% at a minimum. Often higher.

But this project was a little bit different. I’ll elaborate more later. I’d prefer to discuss it in the context of a completed project.

It’s definitely been an intereting project and I’m looking forward to sharing the details with you. So hang tight.

Charles Dominick, SPSM
Next Level Purchasing, Inc.
Struggling To Have A Rewarding Purchasing Career?
Earn Your SPSM Certification Online At

Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

More Posts