Vendor Evaluation Scorecard for Retail Buyers
Why This is an Opportunity
The existing process relies on unstructured notes or limited criteria, leading to inconsistent evaluations. A scorecard app centralizes evaluation criteria, standardizing vendor assessment and improving decision-making.
Key Pain Points
- •Current process lacks comprehensive evaluation of vendors
- •Existing tools aren't tailored to nuanced retail buying needs
- •No way to compare vendors using consistent criteria
- •Have to aggregate evaluation data manually
- •Evaluating vendors takes weeks with current methods
Market Opportunity
Retail Procurement Optimization Software Market
Current Size (2026)
$3.5B
Projected (2036)
$8.6B
CAGR
0.1%
This market is projected to grow 145% over the next 10 years, reaching $8.6B by 2036.
Original Discovery
Retail buyers struggle to consistently evaluate vendors beyond price and delivery terms, often missing out on key qualitative factors. An app that standardizes evaluation scorecards ensures all potential vendors are assessed on the same criteria.
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