In a weighted-point model, what is typically evaluated?

In a weighted-point model, vendor performance across various categories is evaluated by assigning different weights to specific criteria deemed important for assessing vendors. This model allows organizations to compare vendors based on various factors such as price, quality, reliability, and service. Each criterion is given a weight according to its significance to the overall evaluation process, and vendors are scored in relation to these criteria. This systematic approach helps organizations make informed decisions based on quantitative analysis rather than subjective judgment.

Evaluating vendor performance using this model ensures that decisions are data-driven and aligned with the strategic goals of the organization. It facilitates a more comprehensive assessment by allowing management to prioritize certain aspects of vendor capability over others, ensuring that the chosen vendor meets the organization's specific needs.