Concepts Tasks Settings Analyzing Bids Contents Analyzing Bids to Find the Best Supplier For an RFQ Analyzing Bids to Find the Best Supplier For Each Resource Manually Setting Supplier Rankings Manually Setting Supplier Rankings For a Resource Pre-selecting Bids to Receive “Preferred Supplier” Status and for Alternate Pricing Excluding a Supplier From an RFQ Analysis Locking Supplier Resource Rankings on an RFQ When all the RFQ suppliers’ bids are either entered or declined, the RFQ has the status of “All bids received” and the bids are ready to be analyzed. The bid analysis function provides a quick and easy means to compare and rank the suppliers’ bids. The purpose of this analysis is to determine the winning supplier (if the RFQ is awarded to one supplier) or the winning suppliers (if each resource is awarded individually). Several bid ranking options are provided: Ranking the Bids for The Entire RFQ Ranking the Bids for Each Resource • Lowest Total Bid Cost • Most “Number 1” Rankings • Manual • Best Price for the Resource • Best Lead Time for the Resource • Manual For each RFQ, you can use any one of these ranking methods or a combination of ranking methods to determine how the RFQ will be awarded. This section explains how to analyze supplier bids.
