Vendor Evaluation and Selection Matrix
Originally published: 21/03/2025 07:56
Publication number: ELQ-97336-1
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Vendor Evaluation and Selection Matrix

Excel Weighed decision matrix designed to assist you in selecting the best vendor or supplier based on criteria like price, payment terms, customer service, etc

Description
This ready-to-use Excel template allows you to compare vendors’ features and skills, based on criteria that really matter to your business. It includes a weighted decision matrix designed to assist you in selecting the best vendor based on criteria like price, payment terms, customer service, etc.


It will aid you in evaluating vendors or suppliers based on your selection criteria, allowing you to choose the most appropriate one for your supply or service needs.


Using this template is quite easy, you just need to:
  • Input your selection criteria
  • Enter vendor data
  • Enter vendor evaluation data


Template Requirements:
· Works on PC with Windows.
· Does not work on MAC.
· Memory (RAM) 4 GB or more recommended.
· Requires Microsoft Excel 2016 or higher with Power Pivot add-in. 👉 Watch this video to find out if your Excel version includes the Power Pivot add-in
· Allow Macros to run (enable content when opening file).
· Ready-to-use template, just enter or import your data.
· Dashboard ready to be printed.
· Instructions on Excel file “User Guide”.


Template Customization:
Colors, fonts, and all style attributes can be changed to suit your needs. If you want to make changes on your own, just enter the password included with the file to unlock the template.

This Best Practice includes
A template with sample data + An empty template, ready to receive your data + User Guide

Nisrine LAHRECHE offers you this Best Practice for free!

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Further information

This template will help you identify the most suitable vendor or supplier for your business needs.

It is perfect for purchase managers or procurement managers who need an effective way to assess and select vendors or suppliers.

This template does not work on MAC computers


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