Saving Amount Report
Saving Amount Report
- Allotment Date:
The date when the bid was awarded or finalized. This helps track when the vendor was chosen for the RFQ.
- RFQ:
The specific RFQ for which the bid was submitted, providing a reference to the procurement process.
- Material:
The name or description of the material for which the bid was placed. This helps identify the goods involved.
- Plant:
The plant or location where the material will be used or delivered, particularly relevant for multi-plant operations.
- Vendor:
The name of the vendor who submitted the winning bid. This helps track which vendor provided the material.
- Bid Quantity:
The quantity the vendor originally bid to supply. This gives insight into the initial bid details.
- Allocated Quantity:
The actual quantity awarded to the vendor.
- Saving Amount per Unit:
The amount saved per unit of material due to the vendor lowering their bid price. This shows how much cost was reduced per item.
- Total Saving Amount:
The overall savings for the entire allocated quantity.
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