Factor Rating Method

The Factor Rating Method is a tool used to evaluate suppliers. It involves rating suppliers on a number of factors, such as quality, delivery, price, and service. The ratings are then used to identify the best supplier for a particular product or service.

The Factor Rating Method is a popular tool for evaluating suppliers. It is quick and easy to use, and it provides a clear picture of supplier performance. The method is also flexible, allowing for different factor weights to be assigned depending on the importance of the factors being evaluated.