A technique to evaluate competing alternatives by scoring each offer against a series of criteria that are weighted to reflect the importance to the final decision. The technique is often used as part of bid evaluation in the procurement process, as it allows a transparent and defensible decision-making trail.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
