NSITE DOCUMENT
EvaluatingPrice_Formula.xlsx
- Library: Purchissues
- Year Created: 2017
- File Type: XLSX
The document outlines a method for evaluating and scoring prices based on a dollars/point ratio in a vendor selection process. It emphasizes assigning a cost to the number of points awarded for various elements, with the $/Score Point ratio being used to determine the percentage of the lowest score. This approach aims to reward vendors with both low prices and high scores in other evaluation criteria, rather than solely focusing on low prices which could potentially overlook other important factors.