Usage Overview

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.

Displays the total number of request for quote events that have been opened. This includes closed, awarded, and canceled 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.

Displays the average value of supplier responses to your organization's request for quote events.

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. Example.

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.

Displays the percent of identified, potential savings for your events. This value is calculated as Identified Savings / Baseline Spend USD.