What this template is for
A decision matrix template with weighted criteria, pass/fail gates, and automatic recommendation engine for vendor selection. This downloadable template helps procurement professionals streamline their vendor evaluation process — no need to build complex spreadsheets from scratch.
What's included
- Mandatory pass/fail criteria section (automatic disqualification)
- Weighted evaluation criteria with adjustable importance levels
- Automatic recommendation based on highest weighted score
- Risk flag column for vendors below threshold scores
- Decision summary page formatted for management approval
Who should use this
- Procurement managers making final vendor selection decisions and needing a documented, auditable process.
- Cross-functional sourcing teams that need to justify selection decisions to finance or leadership.
How to use it
- Complete the Mandatory Requirements checklist first — any vendor failing these is automatically excluded
- Set weights for evaluation criteria on the Criteria tab
- Score each qualifying vendor on a 1-5 scale
- Review the automatic recommendation and risk flags
- Export the Decision Summary as your official selection documentation