This essay is a continuation of an earlier work based upon a hypothetical organization known as Amalgamated Organics. This organization is a Hawaii based firm that focuses on organic farming and organic farming education. A weighted decision matrix was created to help describe the criteria for strategic development of this firm.
Weighted Decision Matrix
The purpose of this report is to utilize a the Amalgamated Organics procurement project to help assist in understanding weighted criteria evaluations matrixes. After giving some background about Amalgamated Organics, this report will identify four evaluation criteria and assign a weight to each of the four criteria. A further breakdown of that criteria will then be presented to detail the explanations about the ranking. Finally an Excel worksheet matrix will also be added to demonstrate the weighted screening of all four criteria.
Amalgamated Organics Background
Amalgamated Organics (AO) is a startup greenhouse project located in Hawaii. The goal of AO is to build multiple and sustainable greenhouses to positively affect the surrounding island environment. Another branch of this project are the "Learning Gardens" aspect of the company, where organic farming methods and techniques are taught and implemented. There are 11 major responsibilities that are incorporated within this procurement project that will be used to select the weighted criteria matrix. The 12 responsibilities are as follows:
1. Secure Financing
2. Land Purchasing
3.Determine Crops
4. Procurement
5. Build Greenhouse 1
6. Build Greenhouse 2
7. Build Greenhouse 3
8. Hiring
9. Grow Crops Communications Plan
10. Marketing Plan
11. Secure Retail Channels
Criteria Selection and Breakdown
Although all of the responsibilities are important in this evaluation, the following four are selected to be evaluated with a weighted matrix. The weighting will have a score from 0-5 where the following scale is applied:
Weight Meaning
5 Very high importance
4 High importance
3 Medium importance
2 Low importance
1 Very low importance
0 Not important
The following four criteria selected from the 11 responsibilities will be evaluated in a weighted matrix:1. Secure Financing, 2. Hiring, 3. Marketing Plan, 4. Secure Retail Channels.
These criteria were selected due to the fact that they combine to make a general approach to the development of the project. Financing is necessary for obvious reasons. Hiring is important as it places the right personnel in the right places. The marketing plan also contributes to an important function of the project while securing the retail channels is the last piece of the puzzle.
Matrix and Explanation
Criteria
Weight
Score
Total
Secure Financing
5
5
25
Hiring
3
4
12
Marketing Plan
3
4
12
Secure Retail Channels
2
5
10
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