Usage Overview

The Usage Overview report provides a high-level overview of your request for quote events, including a summary of baseline spend, event activity, and identified and awarded savings.

Data Description

Baseline Spend

Displays a summary of the baseline value of request for quote events opened in Fairmarkit for the filtered time period.

If you drill into this value, you can review and download a list of events included in the calculation. This includes a breakdown for each event, including the RFQ ID (with a link), Request ID, Status, Created at Date, Title, Baseline Spend USD, Cost Avoidance, and Cost Savings.

Opened RFQs

Displays the number of opened request for quote events.

If you drill into this value, you can review and download a list of events. This includes a breakdown for each event, including the RFQ ID (with a link), Request ID, Created at Date, Status, Title, Requester Title, and Full Name.

Single-Sourced RFQs

Displays the number of request for quote events that were single-sourced.

If you drill into this value, you can review and download a list of events. This includes a breakdown for each event, including the RFQ ID (with a link), Request ID, Created at Date, Status, Title, Requester Title, and Full Name.

Identified Savings

Displays the sum of identified, potential savings for your opened events. Identified savings is calculated at the line item level as Baseline - Lowest Bid. This value doesn't include alternative items. ClosedExample.

If you drill into this value, you can review and download a list of events included in the calculation. This includes a breakdown for each event, including the RFQ ID, Request ID, Status, Created at Date, Title, Identified Savings, and Awarded Savings.

Awarded Savings

Displays the sum of awarded savings for your request for quote events. This value is calculated at the event level as baseline spend - awarded bid. This calculation only includes values where you saved money. ClosedExample.

If you drill into this value, you can review and download a list of events included in the calculation. This includes a breakdown for each event, including the RFQ ID, Request ID, Status, Created at Date, Title, Identified Savings, and Awarded Savings.

Sealed RFQs

Displays the number of sealed request for quote events.

If you drill into this value, you can review and download a list of events. This includes a breakdown for each event, including Full Name, Opened at Date, Lowest Bid, and Quotations.

Urgent RFQs

Displays the number of request for quote events that were marked as urgent.

If you drill into this value, you can review and download a list of events. This includes a breakdown for each event, including Full Name, Opened at Date, Lowest Bid, and Quotations.