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When is Vendor profile Evaluation Matrix used?
Please refer to Vendor
Evaluation chapter in BI
Tool/Solution Evaluation section for context of the template.
This template is used in conjunction with the
Commercial & Contractual Evaluation Matrix
, Delivery Evaluation Matrix
and technical evaluation
matrix.
This template is used to create
an RFP as well as throughout the evaluation process and is constantly
revised till the end-point of the evaluation exercise.
Why is it used?
For decision on significant investment
on a tool, one needs to have a systematic basis for taking a decision
and also to demonstrate that there is a well-defined diligence process.
These decisions include various levels and stakeholders in a company,
and using these kind of templates help to separate emotions from
facts.
How is it used?
This template is first used to create
Vendor related questions in Request for Proposal (RFP). Post this,
once you get information from the Vendor as well as the data you
have gathered from your own channels and research, lead to the gradual
filling-up of the matrix. The rating scale of the matrix is like
a business definition piece where the evaluators are defining their
range of expectations. |
