ART - Analysis for Vendor Selection 2009

The document discusses the procurement process and vendor selection in Greece, focusing on the evaluation of tenders and the use of award criteria. It explains the selection criteria used, including exclusion criteria, financial capacity criteria, and technical capacity criteria. The document proposes a two-stage decision-support model for vendor selection and discusses different methods for vendor evaluation, such as categorical, weighted point, and cost-ratio approaches. In the refined answer, it is important to note that the document introduces the concept of assigning weights and points to criteria. The value for each criterion can either be predefined or calculated as the average of the set of all the offers. This allows for a more comprehensive evaluation of vendors based on multiple criteria. The document also emphasizes the importance of the national legislative framework on procurement in Greece and the concept of selecting the best value for money offer that meets all the requirements. Additionally, the document provides insights into different vendor evaluation methodologies, ranging from simple weighted techniques to more advanced mathematical and statistical methods. It presents a theoretical analytical framework and provides a case study application to illustrate the proposed methodology. The document aims to assist procurement professionals in Greece in selecting high-quality vendors by considering various criteria and using appropriate evaluation techniques.