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