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Analyzing Bids to Find the Best Supplier For Each Resource

You can analyze the bids for each resource on an RFQ independently. You can rank supplier resource bids either by cost or by lead time. Each resource on an RFQ can be ranked using a different method.

When you rank resource bids by cost, the supplier with the lowest cost for the resource is ranked first. Discounts, loaded taxes, and loaded extra charges are all included when calculating the total resource cost. Suppliers that have not submitted a bid for the resource or that have declined to bid on the resource are excluded from the ranking. Suppliers that have been manually excluded from analysis are also not ranked.

When you rank resource bids by lead time, the supplier with the shortest lead time is ranked first. The supplier with the longest lead time duration is ranked last. For example, if supplier A’s bid for a resource has a lead time of five days and supplier B’s bid for the same resource has a lead time of six days, supplier A is ranked 1st and supplier B is ranked 2nd.

This topic explains how to analyze the bids for each resource on an RFQ. To analyze the bids for the whole RFQ, see Analyzing Bids to Find the Best Supplier For an RFQ.

To Analyze Bids for a Resource

1.	Open the RFQ.

2.	Select the Analysis view, and then the Resources and Bids tab. This tab displays a list of the resources on the RFQ. The currently selected ranking method for each resource is displayed in the Ranking Method column.

3.	To change the ranking method for a resource, double-click it. The RFQ Resource dialog appears.

4.	On the Rules tab, select the Ranking and selection method:

Setting Name

Description

Ranking and selection method

Select how supplier bids will be ranked and selected for this resource: • By cost: The bid with the lowest cost is ranked the highest and selected • By lead time: The bid with the shortest lead time is ranked the highest and selected • Manually: The bids will not be ranked, and the winning bid will be selected manually

5.

Click OK.

6.	Repeat steps 3 to 5 for each resource that you need to edit.

7.	When all of the resources have the appropriate ranking method, on the Resource and Bids tab, click the RFQ list, and Rank Bids.

8.	In the confirmation dialog, click Yes. The system analyzes each bid and selects a leading supplier. The leading supplier for each resource is now listed on the table.

9.	You can now perform any of the following actions:

•	Manually Setting Supplier Rankings For a Resource

•	Locking Supplier Resource Rankings on an RFQ

•	Awarding RFQs

•	Accepting RFQ Bids as Valid Prices