Meet Bidderize
Bidderize quickly analyzes supplier bids across multiple rounds, applies supplier discounts, models various award scenarios, and generates supplier feedback at the click of a button. To protect your data, Bidderize completes all analyses locally on your device and no data is sent online.
First, set your baseline
- Upload a Baseline Excel with required columns: Item ID, Quantity, Historical Price, along with incumbent quantities.
- Bidderize validates your files to check for required fields and ensure data is usable.
- Required fields, like spend, is calculated and then stored locally on your device for downstream analysis.
Next, input supplier bids
- Bidderize supports 4 rounds of analysis, with up to 20 suppliers each round.
- For each round, you will upload each supplier's bid prices and applicable discounts.
Set any applicable discounts
- Input supplier's volume discounts:
- Flat % applied to all awarded spend.
- Graduated tiers: supplier discounts grows for each tier of spend.
- Pick-a-discount: supplier's total discount depends on total spend.
- Early pay: flat % applied to spend.
- Other: set a custom flat % or fixed dollar amount.
View summary of each supplier's savings
- Using the baseline and inputted supplier bids, Bidderize automatically calculates each supplier's offered savings.
- The generated table makes it easy to review savings based on bids and discounts across each supplier.
View scenario-based savings models
- A few default scenarios are automatically calculated for you:
- Keep Incumbents As Is — shows savings if there were no changes to incumbent awards.
- Cherry Pick Best Price — shows savings if each item was awarded to the cheapest bidder.
- Award to Cost Effective Supplier — shows savings if all items were awarded to the single most cost effective supplier bidding on all items
- Each scenario shows you spend, awarded amounts, savings, and discounts to compare across cenarios.
- Create up to five custom scenarios by uploading an Excel that specifies how to award each item.
Download supplier feedback files
- Bidderize automatically generates supplier-specific feedback forms for each round.
- For each supplier, the files contain a list of their bids and how they compare to other suppliers (e.g., "Within 5% of lowest bid").
- Files will also make note of any outlier bids in a comment field.
Other features
- Download any table across the application for your records.
- Export a compiled bids table with all baseline data and supplier bids for any further analyses or handovers.