Effective sourcing hinges on data-driven decisions. For RizzitGo users, a well-structured spreadsheet comparison table is a powerful tool to objectively evaluate and select the best vendors. By systematically tracking Key Performance Indicators (KPIs) like QC rates, price accuracy, and communication speed, you can transform subjective impressions into clear, actionable insights.
Setting Up Your Comparison Table Framework
Begin by creating a new sheet dedicated to vendor analysis within your RizzitGo master spreadsheet. Establish the following core structure:
- Vendor Identification:
- Core Evaluation Metrics:QC Pass Rate, Price Accuracy, and Communication Speed.
- Summary & Decision:
This framework ensures every vendor is judged on the same criteria, enabling fair comparison.
Defining and Tracking Key Metrics
1. QC (Quality Control) Pass Rate
This measures a vendor's consistency in delivering products that meet your quality standards.
- Data to Record:
- Calculation:
- Table Column Example:QC Rate % | [Formula] | Historical Trend.
- Calculation:
2. Price Accuracy
Evaluates if the final invoiced price matches the quoted price, including any unexpected fees.
- Data to Record:
- Calculation:
- Table Column Example:Price Variance | +/- % | Notes on Discrepancies.
- Calculation:
3. Communication Speed
Quantifies responsiveness, a critical factor for troubleshooting and speed to market.
- Data to Record:
- Calculation:
- Table Column Example:Avg. Response (hrs) | Urgent Query Resolved?.
- Calculation:
Visualizing Data for Quick Analysis
Use your spreadsheet's formatting tools to make the table instantly readable:
- Conditional Formatting:green95%), red
- Sparklines:
- Overall Score:
- Sparklines:
Making Informed Sourcing Decisions
With your comparison table populated, analysis becomes straightforward:
- Sort by QC Rate
- Sort by Price Accuracy
- Sort by Communication Speed
- Review the Overall Score
- Sort by Price Accuracy
This table then serves as a living document. Update it with every order to refine your vendor list continuously.
Conclusion: