Supplier selection is the decision process used to choose one or more suppliers from qualified candidates. The decision should combine commercial value, technical fit, service, risk and implementation requirements.
How Supplier Selection works in a sourcing process
Set evaluation weights before final offers arrive. Normalize currencies, units, freight, duties, payment terms and exceptions so bids are comparable.
| Area | What to record |
|---|---|
| Decision | Set evaluation weights before final offers arrive. Normalize currencies, units, freight, duties, payment terms and exceptions so bids are comparable. |
| Evidence | Keep the scoring model, evaluator notes, clarifications, approvals, negotiation record and award rationale. |
| Watch point | The lowest quoted price is not necessarily the lowest-cost or lowest-risk offer. Selection should reflect the operating requirement. |
What buyers should verify
Keep the scoring model, evaluator notes, clarifications, approvals, negotiation record and award rationale.
The lowest quoted price is not necessarily the lowest-cost or lowest-risk offer. Selection should reflect the operating requirement.
