RFQ comparison

The RFQ Comparison Workbench (tdpur8366m000) session has been introduced to compare bidder responses and select the best deal from the existing combinations. The bidder combinations are displayed based on the total amounts or the criteria set defined on the selected request for quotation (RFQ).

Users can use the session to:

  • Filter the best response from the suppliers or bidders
  • Determine the best responses based on Total Amount.
  • Determine the best responses based on Criteria Set.

This session can be started from a specific RFQ or from the RFQ tab in the RFQ (tdpur8310m000) session. Initially, the session is not available on the menu, but users can add it to the menu.

Example:

An RFQ has 10 lines and four bidders. Consequently, a total of 40 responses can be received.

A user can select how many bidders to review: one, two, three or all four. Additionally, users can select a maximum number of bidders for which responses are compared and displayed in bidder combinations.

When running the session with four bidders selected and the Max Bidders per Comb. field set to 1, based on each bidder’s responses, the bidder who wins all 10 lines has the best score. If the selection is based on Total Amount, each bidder's score for their pricing (including landed costs) is considered. This would yield 4 combinations to review. Users can select a combination to view the response lines for a bidder, their price, and the criteria score (if applicable). This gives an indication of which bidder is the best, based on price. Users can drill down to the details of each response-line scoring.

If the Max Bidders per Comb. is 2, combinations are generated based on one bidder and two bidders. This can be done up to the maximum number of bidders (in this case four). For all response lines, the total amount or criteria score is considered. The combination with the highest score is assigned a value of 100%. Based on the percentage value, the color varies in the workbench. Users can review the combinations, determine which combination is accepted, and convert that combination to a Purchase Order, Purchase Contract, Price book, or a combination of these.