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]

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Criteria

Criteria can be specific to the desired item(s). Sample criteria:

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References

  1. "Source Selection Preparation and Evaluation". 18 July 2013.{{cite journal}}: Cite journal requires |journal= (help)
  2. "Source Selection" . Retrieved 31 March 2017.