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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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