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Description
Evaluator assists in making informed decisions by systematically comparing various alternatives against a unified set of criteria. For instance, when choosing a vendor's product or service, factors like features, pricing, and availability are taken into account. Each alternative receives a score based on these criteria, allowing for straightforward comparison among all options. The significance of each criterion can be adjusted through weighting, which modifies its effect on the total evaluation score. This tool also allows for collaborative input, where multiple individuals can contribute their scores, resulting in a consolidated scorecard that reflects the group's collective assessment. The outcomes of this evaluation can be displayed in different formats and compiled into a comprehensive report. Additionally, it is possible to establish a scorecard baseline at any time for auditing purposes. Users can create scorecard templates derived from pre-existing evaluation criteria, facilitating rapid development of new scorecards tailored for evaluating alternative options using the same benchmarks. Furthermore, it is essential to assign a weight to each criterion according to its importance in the decision-making process to ensure balanced evaluations.
Description
Stimulus leverages data and analytics to assist companies in making improved purchasing decisions that prioritize diversity, equity, and inclusion. The existing method for searching, selecting, and assessing suppliers is cumbersome and lacks efficiency. There is currently no standardized set of criteria or methodology for evaluating suppliers or identifying alternative options. Within the Stimulus ecosystem, businesses can discover qualified suppliers. By utilizing the Stimulus API, organizations can aggregate data from multiple sources, ensuring a unified source of truth. Additionally, it enables effective management of supplier relationships by monitoring expenditure, ongoing projects, and their status—whether considered, qualified, shortlisted, or awarded. With the capability to create projects tailored to specific goals and criteria, businesses can assess vendors' performance comprehensively throughout the entire process, enhancing decision-making and outcomes. Ultimately, this approach streamlines procurement and fosters a more inclusive supply chain.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Midrig
Country
United Kingdom
Website
midrig.com/evaluator/
Vendor Details
Company Name
Stimulus
Founded
2017
Country
United States
Website
getstimulus.io
Product Features
Decision Support
Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control
Product Features
Purchasing
Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management