Analysis of Initial Best And Final Responses
When Best and Final Offer initial responses are ready to be assessed (generally when an Event reaches a close date), an Analyze best and final step one link is displayed that opens the analysis forms. When the Response Analysis is completed for the Event, the responses appear just as they do when awarding bids. The only action needed at this point is clicking the Select For Best And Final button. If Select For Best And Final is not clicked for a Supplier, it is assumed they are not a best and final Supplier.
For a Supplier selected for Best and Final Offer processing, there is an Unselect For Best And Final button which can be performed until the Best And Final process is started.
Once all desired Suppliers have been selected for Best and Final Offer processing, click the Start Best And Final Process button. Select a close date for the Best and Final Process and click OK.
All Supplier responses that are selected for Best and Final Processes are set to an Open status so Suppliers can update their bid amounts. For all responding Suppliers, values entered in Sourcing Company are assessed to determine communications to Suppliers.
On event lists, the Best and Final Offer Close Date is now displayed as the Close Date in the Current Close Date column. The Best and Final Offer Close Date is also displayed in the event header.
While Suppliers are entering Best and Final Offer responses, there is a related page available that displays a list of Suppliers who were not selected for Best and Final Offers. For an Event which was not initially designated as Best And Final Offer, there is an action available in the Response Analysis forms where the event can be changed to Best And Final. This updates the Response Analysis forms to allow Suppliers for Best and Final Offer.