In: Operations Management
The Cre8tor™ is in need of an office management software package. After considerable research, the company has narrowed its choice to one of three packages: N-able, VersaSuite, and SoftTrack. They have determined the decision-making criteria, assigned a weight to each criterion, and rated how well each alternative satisfies each criterion as follows
Decision Alternatives |
|||||||
Criterion |
Weight |
N-Able |
VersaSuite |
SoftTrack |
|||
Ease of use |
4 |
5 |
7 |
6 |
|||
Report generation |
3 |
7 |
5 |
4 |
|||
Functional integration |
5 |
8 |
6 |
5 |
|||
On-line help |
3 |
6 |
4 |
8 |
|||
Entry error-checking |
2 |
3 |
4 |
8 |
|||
Price |
4 |
7 |
6 |
8 |
|||
Support cost |
3 |
5 |
8 |
3 |
|||
Using a scoring model, determine the recommended software package for The Cre8tor™.
Weighted Score Method or Scoring method:
Using given data weighted score method is used to compare the alternatives. Calculate the weighted score for each factor, by multiplying factor weight (Wi) with rating (Rij) of factor. Then, for each alternative, find the sum of product (Wi × Rij) calculated for each factor and select the alternative having the highest total score.
N-able |
Versasuite |
Softrack |
|||||
Selection Criterion |
Weight (Wi) |
Rating (Rij) |
Weighted rating (Wi x Rij) |
Rating |
Weighted rating |
Rating |
Weighted rating |
Ease of use |
4 |
5 |
4*5 = 20 |
7 |
28 |
6 |
24 |
report generation |
3 |
7 |
21 |
5 |
15 |
4 |
12 |
functional integration |
5 |
8 |
40 |
6 |
5*6 = 30 |
5 |
25 |
on-line help |
3 |
6 |
18 |
4 |
12 |
8 |
24 |
entry error-checking |
2 |
3 |
6 |
4 |
8 |
8 |
2*8 = 16 |
price |
4 |
7 |
28 |
6 |
24 |
8 |
32 |
support cost |
3 |
5 |
15 |
8 |
24 |
3 |
9 |
Total Weighted Score |
148 |
141 |
142 |
The highest weighted score is for N-able, thus The Cre8tor™ should select N-able software.