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General Scorecard Explanations

· I chose these criteria because they were both the easiest and therefore most accurate data to gather. Additionally I thought they were the most relevant criteria to my decision making process.

· I chose to use a ranking system so the values of different categories are not falsely weighted by difference in scale of numbers. For instance, I didn’t want a quality rating of 50 to be weighted 625 times heavier than its unit price of 0.08. Ideally, the ranking system puts all the categories on an even scale, then I can chose to weight them with a percentage in an additional column. Additionally, this allows non-numeric categories to receive a numeric ranking.

· Rankings go from the highest number being the best perceived value and lowest being the worst.

· The supplier with the highest overall score will be considered the best option.

· A ranking of 0 simply means that supplier doesn’t offer the item in question.

· Cotton’s scale goes to 6 because there are 6 suppliers of cotton. Nylon’s scale goes to 5 because there are 5 suppliers of nylon.

Explanation of category ranking assignments

· Unit Price rankings are selected with the lowest price being the best value and highest being the worst value.

· Availability of discounts was ranked based on my personal perceived value of the offers.

· A higher percentage discount represents a better value.

· A lower minimum units required represents a higher probability of the discount applying and therefore a higher value.

· Lower required lead time means the overall production cycle is shorter and therefore represent a better value

· Quality was ranked with the highest quality representing the best value and the lowest representing the worst value.

· Reliability was ranked with the highest quality representing the best value and the lowest representing the worst value.

Weighting System

· The weighting system adds up to 1, aka 100%. So the different weightings represent how much of a percentage each category is worth to the overall score.

· I chose to weight price and reliability a bit higher than the other two because it is important to me to have the materials shipped on time to keep a proper schedule running, and also keep costs down.