Calculate the weighted average score for each supplier

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Reference no: EM131842035

Intro- Supply Chain Management

Problem : Supplier Selection

Your sourcing department has received bids from three suppliers shown below.

PERFORMANCE DIMENSION	IMPORTANCE	Supplier 1	Supplier 2	Supplier 3
On Time Delivery (% on time)	0.30	99%	97%	91%
Financial Stability (rating)	0.20	AA	A	BBB
Cost ($/unit)	0.50	$11.25/unit	$10.80/unit	$9.80/unit

1- Score each supplier's bid using the following scale.

On Time Delivery		Financial Stability		Cost
Range	Score	Rating	Score	Range	Score
<90%	1	Lower than BBB	1	>$12.00 per unit	1
91%-93%	2	BBB	2	$10.50-$11.99 per unit	2
94%-96%	3	A	3	$10.00-$10.49 per unit	3
97%-98%	4	AA	4	$9.50-9.99 per unit	4
99%+	5	AAA	5	<$9.50 per unit	5

2- Calculate the weighted average score for each supplier.

Reference no: EM131842035

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