Question

using the weighted-criteria evaluation system, what is the overall performance score for this supplier given the following parameters? performance measure rating weight on-time delivery 80 30% quality 95 25% order accuracy 90 20% price 100 15% cost reduction 75 5% innovation 80 5%

Answer 1

The overall performance from the weighted criteria is 88.5

What is the  weighted-criteria evaluation system?

A decision-making tool called a weighted criteria matrix compares probable solutions against a set of weighted criteria. Common applications include selecting the best software to buy or choosing amongst optional options.

The formula for the total score is given as ∑( weight * score)

The values that we have in the question have been entered to create the solution to the question that we have here. This is solved as:

on-time delivery 80 * 30% =  24

quality 95 * 25% = 23.75

order accuracy 90 * 20% = 18

price 100 * 15% = 15

cost reduction 75 * 5% = 3.75

innovation 80 * 5% = 4

Then the overall performance for the supplier would be: 24 + 23.75 + 18 + 15 + 3.75 + 4

= 88.5

Hence using the weighted-criteria evaluation system, the overall performance score for this supplier is 88.5

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