Run the Vendor Rating Batch Job
In the first step, the Vendor Rating batch job calculates the hard criteria total.
The total of the hard criteria is (0.65*0.99*0.8)*100 = 51 Points.
In the next step, the batch job calculates the soft criteria total that is assigned to the vendor. The vendor has the following valid soft criteria.
|Rating Type||Category Code||Rating|
The total of the soft criteria is (85 + 83 +88) / 3 = 89 Points.
In the final step, the total score is calculated using the following formula:
Total Score = ((Total hard criteria * weighting factor hard) + (Total soft criteria * weighting factor soft)) / (weighting factor hard + weighting factor soft)
The Total Score is (51 * 2 + 89) / 3 = 64 Points.
Based on this score, the vendor receives a classification rating of C.
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