System and Method for Providing a Comparative Assessment of Potential Vendors

• Main Authors: SINGH VIVEK, MALIK ROBIN, BORAH PRASURYA, CHUGH ASHU
• Format: Patent
• Language: English
• Published: 13.03.2014
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

In certain embodiments, a method includes accessing, for each of a plurality of potential vendors, vendor data corresponding to one or more operational efficiency criteria and vendor data corresponding one or more market viability criteria. The method further includes determining, for each of a plurality of potential vendors, (1) an operational efficiency score accounting for criteria-specific scores determined based on the accessed vendor data for each of the one or more operational efficiency criteria, and (2) a market viability score accounting for criteria-specific scores determined based on the accessed vendor data for each of the one or more market viability criteria. The method further includes generating a graphical display depicting each of the plurality of potential vendors, wherein each of the plurality of vendors is positioned relative to a first axis according to the determined operational efficiency score and a second axis according to the determined market viability score.