Customizable Vendor Scorecard for Retail Chains
Why This is an Opportunity
Buyers need a streamlined process to objectively assess and compare vendor offerings. A web app can provide customizable scorecards with criteria like quality, price, and delivery time, making vendor selection transparent and data-driven.
Key Pain Points
- •Relying on spreadsheets results in inconsistent evaluations
- •No standard format for vendor comparison
- •Complex scoring models manually calculated
- •Switching between email, spreadsheets, and calls for vendor management
- •Manual aggregation of data from various vendors is time-consuming
Market Opportunity
Retail Vendor Management Software Market
Current Size (2026)
$3.5B
Projected (2036)
$11.2B
CAGR
10.5%
This market is projected to grow 219% over the next 10 years, reaching $11.2B by 2036.
Original Discovery
Retail buyers often compare product samples from multiple vendors. However, the evaluation process is typically manual, involving spreadsheets that lack standardization and transparency.
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