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. .
Criteria
Criteria can be specific to the desired item(s). Sample criteria:
- Total costs (including works and maintenance)
- Ability to finance
- Capability for technical matters
- The distribution of risks
- The shape of business
- Previous works and references
- Providing Warranty
See also
External links
References
"Source Selection Preparation and Evaluation". 18 July 2013. {{cite journal}}: Cite journal requires |journal= (help) https://www.mitre.org/publications/systems-engineering-guide/acquisition-systems-engineering/source-selection-preparation-and-evaluation ↩
"Source Selection". Retrieved 31 March 2017. https://www.acquisition.gov/far/html/Subpart%2015_3.html ↩