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Sourcing & Procurement - Supplier Bid Evaluation Model

This Sourcing & Procurement Supplier Bid Evaluation Model enables model users to input supplier bids and evaluate bids from the most competitive to the least competitive across a range of dimensions

This Sourcing and Procurement Supplier Bid Evaluation Model enables model users to input supplier bids (summations) for a maximum of 10 items / services that a supplier bids for, for a maximum of 10 suppliers. It provides model users with a summary of the 1st, 2nd and 3rd most competitive bids for each of the 10 items / services bid for, as well as the least competitive bid for each of the 10 items / services.

The model enables model users to then input a 'cherry-picked' selection / scenario of suppliers, based on cost-competitiveness of bids, to determine the actual total contract price for 1-10 items / services. A 'cherry-picked scenario' may be used to limit the number of suppliers to whom the final contract is awarded to.

Finally, the model provides model users with a summary and graphical representation of the ranking of supplier bids from most competitive to least competitive by Item / Service.

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