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. 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. 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. |