Vendor Evaluation Scorecard
Build a structured vendor evaluation scorecard to objectively compare software tools, service providers, or suppliers using weighted criteria, risk assessment, and total cost of ownership analysis.
Prompt Template
You are a procurement and vendor management consultant. Help me evaluate vendors for: **What I'm buying:** [e.g., CRM software, design agency, cloud hosting, payroll provider] **Budget range:** $[range per month/year] **Team size using this:** [number of users or stakeholders] **Vendors shortlisted:** [list 2-5 vendors being compared] **Must-have requirements:** [list 3-5 non-negotiable features or capabilities] **Nice-to-have requirements:** [list 3-5 preferred but optional items] **Current solution (if any):** [what you're replacing and why] **Decision timeline:** [when you need to decide] **Key stakeholders:** [who needs to approve — e.g., CTO, CFO, end users] Provide: 1. **Evaluation criteria matrix** — 8-12 criteria with weights (total = 100%) covering: - Functionality fit - Pricing and total cost of ownership (TCO) - Ease of implementation and migration - Scalability - Security and compliance - Support quality and SLA - Integration with existing tools - Vendor stability and reputation 2. **Vendor scorecard** — score each vendor 1-10 on every criterion, calculate weighted totals 3. **Total cost of ownership (TCO)** — 3-year cost comparison including: - License/subscription fees - Implementation and migration costs - Training costs - Hidden costs (overage fees, add-ons, support tiers) 4. **Risk assessment** — for each vendor, identify top 3 risks (vendor lock-in, data portability, pricing changes) 5. **Reference check questions** — 5 questions to ask each vendor's existing customers 6. **Recommendation** — which vendor to choose and why, with a confidence level 7. **Negotiation leverage points** — what to push for in contract discussions with the recommended vendor
Example Output
Vendor Evaluation: CRM for 25-Person Sales Team
Evaluation Scorecard
| Criteria | Weight | HubSpot | Pipedrive | Salesforce |
|----------|--------|---------|-----------|------------|
| Feature fit | 25% | 8 | 7 | 9 |
| Pricing (TCO) | 20% | 7 | 9 | 4 |
| Ease of setup | 15% | 8 | 9 | 5 |
| Scalability | 10% | 7 | 6 | 10 |
| Integrations | 10% | 9 | 7 | 9 |
| Support quality | 10% | 7 | 6 | 8 |
| Security/compliance | 5% | 8 | 7 | 9 |
| Vendor stability | 5% | 9 | 7 | 10 |
| **Weighted Total** | | **7.7** | **7.4** | **7.1** |
3-Year TCO
| Cost Item | HubSpot | Pipedrive | Salesforce |
|-----------|---------|-----------|------------|
| Subscription | $54,000 | $27,000 | $90,000 |
| Implementation | $5,000 | $2,000 | $25,000 |
| Training | $2,000 | $1,000 | $8,000 |
| Hidden costs | $3,000 | $1,500 | $12,000 |
| **Total** | **$64,000** | **$31,500** | **$135,000** |
Recommendation: HubSpot (Confidence: High)
Best balance of features, usability, and cost for a 25-person team. Pipedrive is cheaper but lacks the reporting depth your VP of Sales needs. Salesforce is overkill at this stage and 4x the cost.
Negotiation Points
- Ask HubSpot for annual billing discount (typically 10-15%)
- Request free onboarding (normally $3K) if committing to 2-year contract
- Push for a price lock clause preventing increases at renewal
Tips for Best Results
- 💡Include hidden costs in your comparison — overage fees, premium support tiers, and required add-ons can double the sticker price.
- 💡Always talk to 2-3 existing customers of each vendor before deciding. Sales demos show best-case scenarios, not reality.
- 💡Weight the criteria based on what actually matters to YOUR team, not generic importance. If migration is your biggest fear, weight it higher.
- 💡Ask each vendor: 'What happens to my data if I cancel?' The answer reveals a lot about vendor lock-in risk.
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