Concept: Scenarios
You can use Strategic Sourcing Event Analysis to compare supplier bids in specific scenarios to
determine their impact on savings targets. You can create your own scenarios or use scenarios
provided by Strategic Sourcing.
1st, 2nd, 3rd Place Scenarios
These scenarios identify the first, second, and third lowest-priced supplier for each line
item. The
Item Details
tab displays the net savings of each scenario
and other response columns per line item. The Scenario Summary
tab
displays spend, savings, and other columns for each scenario either by supplier or another
selectable parameter. Historical Baseline Scenario
You can use this scenario to compare against how much you spent on items. This comparison
includes the historic price within rankings and serves as the basis for defining
savings.
To run the historical baseline scenario, you need to set up
Baseline Price Per
Unit
and Baseline Total Spend
column mapping and ensure
values entered reference baseline columns.This scenario doesn't display outliers. If you want to include them, you can change the
percentage in
Outlier Analysis
.Incumbent Scenario
You can use this scenario to compare a new supplier against an incumbent. An incumbent can be
who you purchased from last year or a preferred supplier.
To run the incumbent scenario, you need to set up the
Incumbent
reference column in the Item
Details
tab.Manual Scenario
You can create manual scenarios to compare your suppliers in different, unique situations.
When you create a manual scenario, you can refine your results to create a preferred award
situation.
To create and run a manual scenario, you need to set up applicable references columns in
the
Item Details
tab and select the supplier and quantity for each
item.