Multi-criteria evaluation reflects the reality that procurement decisions are never purely about price. By defining weights upfront — say, 60% price, 20% lead time, 10% quality history, 10% ESG — and scoring transparently, buyers turn subjective judgment into a defensible audit trail.
Lexicon entry
Multi-Criteria Evaluation
Scoring supplier offers on multiple weighted dimensions (price, quality, lead time, sustainability) rather than ranking on price alone.