Compare supplier quotes side by side.
Use it when several suppliers quote the same list. Paste the quotes, and it finds the lowest price per line, the cheapest complete quote and the saving from a split award.
Leave a price empty if a supplier did not quote. Paste straight from Excel.
Totals use quantity × unit price. Green marks the lowest quote per line. Split award is the total if every line goes to its cheapest supplier, which may add freight and admin cost. Compare lead time, terms and quality before awarding on price alone.
The quote comparison puts every supplier's response to an RFQ on the same basis so you choose on total value, not headline price.
Supplier X quotes $12.40 with a 10-week lead time and a 2,000-unit MOQ; Supplier Y quotes $13.10 with a 3-week lead time and a 500-unit MOQ. Once inventory carrying cost and the risk of a long lead time are included, Y has the better total value.
A Request for Quotation sent to several suppliers asking for prices and terms for a defined item or service.
Three is a common minimum for significant purchases.
Standard trade terms, such as EXW, FOB and DDP, that define who pays for and takes risk on freight. Compare quotes on the same Incoterm.