Tender Evaluation: Price Normalisation & Weighted Award
This lesson is part of the course
In this lesson
You evaluate four bids for Alderbrook's 3-year logistics contract: normalise prices, weight price and quality 40/60, find the winner and chart how each score is built.
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Lessons in this course
- The Spend Cube: Category × Supplier with SUMIFS Locked
- Supplier Pareto & Tail Spend Locked
- Purchase Price Variance, Cost Reduction & Cost Avoidance Locked
- Supplier Scorecard: Normalised KPIs, Weights & Rank Locked
- Should-Cost Model: What the Part Ought to Cost Locked
- Total Cost of Ownership: Beyond the Unit Price Locked
- Contract Compliance & Maverick Spend Locked
- Tender Evaluation: Price Normalisation & Weighted Award Locked