Administration Bid Comparison
Administration Bid Comparison
Instructions: Populate the table below with bid details from potential suppliers. Include all relevant financial and non-financial factors. Evaluate and compare bids based on cost, quality, delivery time, and supplier reliability to determine the most advantageous offer for our needs.
|
Supplier Name |
Bid Amount |
Product/ Service Quality |
Delivery Time (Days) |
Reliability Score |
Total Score |
|
Supplier A |
50,000 |
8 |
30 |
9 |
85 |
|
Supplier B |
45,000 |
7 |
45 |
7 |
76 |
|
Supplier C |
55,000 |
9 |
30 |
8 |
88 |
Detailed Analysis
-
Supplier A offers a competitive bid amount of $50,000. With a product/service quality rating of 8 and the highest reliability score of 9, they are a strong contender. However, their delivery time is average, which could impact project timelines.
-
Supplier B presents the lowest bid at $45,000, making it financially attractive. However, their quality and reliability scores are the lowest, and the delivery time of 45 days is significantly longer, potentially delaying our operations.
-
Supplier C proposes the highest bid amount at $55,000 but offers the best quality rating of 9. Their delivery time matches Supplier A, and they have a strong reliability score of 8. Despite the higher cost, their superior quality and reliability may justify the investment for critical projects.
Conclusion
After evaluating all factors, Supplier C is the most balanced choice, offering the best quality and reliable delivery for a slightly higher cost. While Supplier A is also a strong candidate, the premium for Supplier C's superior quality is considered a worthwhile investment for our critical needs. Supplier B, although the most cost-effective, does not meet our standards for quality and reliability, which could risk project success and operational efficiency.
