The process of ranking its suppliers

The Michelle Equipment Company is in the process of ranking its suppliers for one of its key components. To assist in the evaluation process, the information on their four suppliers is shown in the following table. SCORES PERFORMANCE CRITERIA WEIGHT TOROS SUN DEVILS GAMECOCKS BUCKEYES Price 0.10 85 95 90 90 Payment terms 0.20 90 80 95 85 Quality 0.10 95 80 85 90 Delivery 0.10 95 90 90 85 Suggestions for quality improvement 0.20 85 90 90 95 Reputation 0.20 85 90 90 85 Sustainability 0.10 90 80 85 90 Total scores Each performance category is scored on a scale from 0 (unsatisfactory) to 100 (excellent) and assigned a weight based on its relative importance. Suppliers are considered “preferred” if they score between 90 and 100. Preferred suppliers are those that Michelle Equipment will work with on new product development, approve for new business, and assist in maintaining a competitive position. An “acceptable” supplier rating is between 70 and 89. In this category, the supplier is required to provide a plan to Michelle Equipment on how to achieve preferred status. A score of 0–69 means that the supplier has a “developmental” supplier rating. What are the scores of the four suppliers and how would you evaluate each of them? Which supplier would you pick? Problems