Create a Weighted Scoring Model in Our Software

Weighted score capabilities are now available on Requis’ Sourcing platform. 

Requis has rolled out a new feature that allows weighted scoring prioritization to compare suppliers and contractors to set up corporate supplier scoring and understand the delta between projects and corporate-level activities.

This new feature helps suppliers and buyers look for objective prioritization techniques to weigh and score the supplier information and tailor it to the buying organization’s practices and risk evaluation.

Weighted scoring capabilities provide a significant risk analysis solution while improving a manual process. It also provides transparency for the entire organization and justifies the selection of a supplier for the scope of work.

Another significance of this new feature is that it reduces vendors’ management at scale and meets corporate social responsibility (CSR) and environmental, social, and governance (ESG) targets.

Weighted scoring aims to increase supplier management capabilities within our supply chain management platform. It helps users to derive a quantitative value for each item on the list and then use those values to prioritize the items. This model can be instrumental in tailoring the buying organizations’ practices and risk evaluation.

These new improvements will allow:

• Weight and score at company-level approval
• Weight and score at project-level approval
• Identify different scores between project and company level