Posted in RFP Scoring and Bid Analysis last updated on April 15, 2016
The aim of an RFP process is to reach a decision about which vendor, product or service best meets your requirements. The basic principle of a structured RFP is decomposition - breaking down a big decision into smaller and smaller component pieces by building a hierarchically structured questionnaire. Having done this, and having scored vendor's responses, the challenge is then to re-compose this information into a single answer - i.e. we need to calculate scoring totals.
SupplierSelect's scoring calculations are based on the principles of decomposition:
Normalized scoring aligns with most peoples' intuition. It feels logical that a weight applied to a section caps the contribution of that section (and all subsections) to the overall score.
A longer article describing this approach to calculating total weighted scores is available on the SupplierSelect news site.