Product Comparison Worksheet

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Product Comparison Worksheet

Date: {{current_date}}

Project/Purpose: {{project_purpose}}

Prepared By: {{preparer_name}}

Products/Services Under Consideration

List the products or services being compared.

Product/Service 1 Name: {{product_1_name}}

Vendor/Supplier 1: {{vendor_1_name}}

Product/Service 2 Name: {{product_2_name}}

Vendor/Supplier 2: {{vendor_2_name}}

Product/Service 3 Name: {{product_3_name}}

Vendor/Supplier 3: {{vendor_3_name}}

Key Comparison Criteria

Identify and list the essential criteria for evaluation. Assign a weighting to each criterion based on its importance.

Criterion 1: {{criterion_1_name}} (Weight: {{criterion_1_weight}}%)

Criterion 2: {{criterion_2_name}} (Weight: {{criterion_2_weight}}%)

Criterion 3: {{criterion_3_name}} (Weight: {{criterion_3_weight}}%)

Criterion 4: {{criterion_4_name}} (Weight: {{criterion_4_weight}}%)

Criterion 5: {{criterion_5_name}} (Weight: {{criterion_5_weight}}%)

Add additional criteria as needed.

Product/Service Evaluation Matrix

Rate each product/service against the defined criteria using a scale (e.g., 1-5, where 5 is excellent). Multiply the rating by the criterion weight to get a weighted score.

**Product/Service 1: {{product_1_name}}**

- {{criterion_1_name}} Rating: {{product_1_criterion_1_rating}} (Weighted Score: {{product_1_criterion_1_weighted_score}})

- {{criterion_2_name}} Rating: {{product_1_criterion_2_rating}} (Weighted Score: {{product_1_criterion_2_weighted_score}})

- {{criterion_3_name}} Rating: {{product_1_criterion_3_rating}} (Weighted Score: {{product_1_criterion_3_weighted_score}})

- Total Weighted Score: {{product_1_total_score}}

**Product/Service 2: {{product_2_name}}**

- {{criterion_1_name}} Rating: {{product_2_criterion_1_rating}} (Weighted Score: {{product_2_criterion_1_weighted_score}})

- {{criterion_2_name}} Rating: {{product_2_criterion_2_rating}} (Weighted Score: {{product_2_criterion_2_weighted_score}})

- {{criterion_3_name}} Rating: {{product_2_criterion_3_rating}} (Weighted Score: {{product_2_criterion_3_weighted_score}})

- Total Weighted Score: {{product_2_total_score}}

**Product/Service 3: {{product_3_name}}**

- {{criterion_1_name}} Rating: {{product_3_criterion_1_rating}} (Weighted Score: {{product_3_criterion_1_weighted_score}})

- {{criterion_2_name}} Rating: {{product_3_criterion_2_rating}} (Weighted Score: {{product_3_criterion_2_weighted_score}})

- {{criterion_3_name}} Rating: {{product_3_criterion_3_rating}} (Weighted Score: {{product_3_criterion_3_weighted_score}})

- Total Weighted Score: {{product_3_total_score}}

Cost Analysis

Outline the various cost components associated with each product/service, including initial purchase, maintenance, ongoing fees, and potential hidden costs.

**Product/Service 1: {{product_1_name}}**

- Initial Cost: {{product_1_initial_cost}}

- Annual Maintenance/License Fees: {{product_1_annual_fees}}

- Additional Costs: {{product_1_additional_costs}}

- Total Estimated Cost (Over {{years}} years): {{product_1_total_cost}}

**Product/Service 2: {{product_2_name}}**

- Initial Cost: {{product_2_initial_cost}}

- Annual Maintenance/License Fees: {{product_2_annual_fees}}

- Additional Costs: {{product_2_additional_costs}}

- Total Estimated Cost (Over {{years}} years): {{product_2_total_cost}}

**Product/Service 3: {{product_3_name}}**

- Initial Cost: {{product_3_initial_cost}}

- Annual Maintenance/License Fees: {{product_3_annual_fees}}

- Additional Costs: {{product_3_additional_costs}}

- Total Estimated Cost (Over {{years}} years): {{product_3_total_cost}}

Pros and Cons Summary

Summarize the main advantages and disadvantages of each product/service based on the detailed evaluation.

**Product/Service 1: {{product_1_name}}**

- Pros: {{product_1_pros}}

- Cons: {{product_1_cons}}

**Product/Service 2: {{product_2_name}}**

- Pros: {{product_2_pros}}

- Cons: {{product_2_cons}}

**Product/Service 3: {{product_3_name}}**

- Pros: {{product_3_pros}}

- Cons: {{product_3_cons}}

Recommendations and Justification

Based on the analysis, provide a recommendation for the preferred product/service and clearly justify the decision.

Recommended Product/Service: {{recommended_product}}

Justification: {{recommendation_justification}}

Alternative Considerations: {{alternative_considerations}}

Signature Block

_____________________________

{{approver_name}}

{{approver_title}}

Date: {{approval_date}}