Free resource: 24-point supplier-selection checklistOpen checklist

Accessible transcript

VENDECISION product walkthrough transcript.

Use the timestamp links to move through the video chapters or read the full explanation without playing media.

Published 23 July 2026Substantively updated 23 July 2026

00:00

Introduction

Choose the right supplier and preserve a decision trail that remains understandable later. VENDECISION connects qualification, landed cost, residual risk, weighted scoring, negotiation and approval in one management-ready supplier-selection system.

00:10

1. Configure

Set decision criteria, weights, thresholds, assumptions and risk appetite before supplier data begins to influence the result. The configured logic becomes the control point for the rest of the evaluation.

00:22

2. Qualify

Record mandatory evidence and critical failures. A supplier that fails a non-negotiable requirement should not receive a positive recommendation simply because its price or weighted score is attractive.

00:34

3. Calculate

Compare the commercial outcome rather than the quote alone. Bring freight, insurance, duty, inspection, tooling, fees, MOQ and lead time into a consistent landed-cost view.

00:47

4. Rank and negotiate

Apply weighted scoring, keep residual risk inside the adjusted result and record negotiation targets, concessions, owners, dates and unresolved award conditions.

01:01

5. Approve and govern

Present the recommended supplier, decision rationale, cost, adjusted score, residual risk, unresolved issues, award conditions and approval fields. Continue the trail through onboarding and supplier performance.

01:12

Package and next step

The planned package includes a clean master workbook, a completed fictional example, a quick-start guide and supplier email scripts. Standard .xlsx files are used; no macros or VBA are required.

Next step

Move from supplier data to an approvable decision.

Review the sample output, then choose the licence that matches your intended use.

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