Question: Steps for completing a Supplier Selection Analysis: 1. Review the criterion listed in the table below. Add any additional criteria that you would like to
Steps for completing a Supplier Selection Analysis:
1. Review the criterion listed in the table below. Add any additional criteria that you would like to consider when analyzing PET suppliers.
2. Weight each criterion. For each criterion, enter a weight. More important criteria should be weighted higher than less important criteria. Enter a zero for any criterion that is not important to you and thus, will not impact the decision analysis. Note: Weights should total 1.0 (or 100%) and should be entered as a numeric value ranging from 0 - 1.0.
3. Score each supplier for all selected criteria. Please note that the table below may not have all of the possible suppliers for TFC. You may add the other suppliers if preferred, but do not remove any suppliers currently listed in the table. Consider each PET supplier separately in regards to each of the criterion. For each supplier, give them a score from 1 - 5 for each criterion. Note: 1 is a poor rating on that criterion, and 5 is excellent. Note: You may choose to rate the supplier with their default settings, or you may choose to consider them with any terms that you plan to negotiate (IE: you know that you will change the delivery window).
4. Compute the total weighted score for each supplier. This total value should be easy to find/obvious for the grader. First you will need a weighted score for each criterion for each supplier (multiply the criterion weight by the supplier score for that item). Then sum the weighted scores to calculate the Total Weighted Score for each supplier. If you are not clear on how to do this - check your textbook, Chapter 11S.
Required questions about your Supplier Selection Analysis:
A. Based on the Total Weighted Score for each supplier from your Supplier Selection Analysis, which supplier should you select?

Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
