The typical vendor evaluation jugements,often expressed in numerical terms,by purchasing officials.Each criteron carries a specified weight,and the products of numerical scores times weights are summuned to arrive at an overall vendor score.
The financial stability of a vendor is an aspect to consider.Each criterion carries a specified weight,and the products of numerical scores times weights are summed to arrive at overall score.
Vendor Assessment facilitates the annual data refresh by allowing vendors to review and update their information. Although the module can be used as a stand-alone tool, it integrates seamlessly with other CMS modules. Vendor ratings and other information are automatically incorporated in other elements of business continuity planning.