RFQ Insights

Learn how to utilize the RFQ Insights dashboard to analyze quote activities, track performance metrics, and make data-driven procurement decisions.

Overview​

The RFQ Insights dashboard serves as your analytical command center for Request for Quote activities. This powerful tool transforms raw quote data into actionable insights, enabling procurement teams to understand trends, track performance, and optimize their strategies. Through detailed analytics and customizable views, you can make informed decisions that drive efficiency and value in your procurement processes.

Key Capabilities​

Transform your procurement analytics with:

• Performance Tracking: Monitor key metrics and response times
• Trend Analysis: Identify patterns in supplier behavior and quote submissions
• Supplier Insights: Evaluate supplier performance and engagement
• Quote Metrics: Track success rates and competitive positioning
• Custom Reporting: Generate tailored reports for stakeholder needs

Accessing RFQ Insights​

Step 1: Navigate to Analytics​

Access the insights dashboard through the Analytics section:

1. Main Navigation

   • Open the main menu
   • Locate Analytics section
   • Select "Quotes" under Analytics

2. Important Distinction

   • Analytics view differs from operational "Quotes"
   • Focused on trend analysis and insights
   • Provides comprehensive data views

Note: This analytics view differs from the operational "Quotes" section in main navigation

Step 2: Understanding the Dashboard​

The dashboard offers powerful filtering capabilities designed for procurement professionals:

1. Primary Filters Streamline your analysis with:

   • Quick access to common parameters
   • Real-time dashboard updates
   • Intuitive filter selection

2. Advanced Options Dive deeper with:

   • Detailed criteria selection
   • Custom parameter configuration
   • Combined filter capabilities

Mastering Filter Usage​

Setting Filter Parameters​

Create precise data views through strategic filter configuration:

1. Filter Selection Choose parameters that matter:

   • Select relevant filters
   • Access detailed options
   • Define specific criteria

2. Parameter Configuration Customize your analysis:

   • Use intuitive drop-downs
   • Set custom value ranges
   • Define date parameters

Applying Filters​

Implement your selected filters effectively:

1. Filter Activation Ensure accuracy:

   • Review selected parameters
   • Apply filters strategically
   • Monitor dashboard updates

2. Results Verification Validate your analysis:

   • Review filtered data
   • Confirm filter effects
   • Make necessary adjustments

Advanced Filter Techniques​

Maximize insight potential through sophisticated filtering:

1. Multiple Filter Combinations Create precise views:

   • Combine filters strategically
   • Build comprehensive analyses
   • Track filter interactions

2. Filter Management Maintain clarity:

   • Monitor active filters
   • Fine-tune parameters
   • Remove redundant filters

Analyzing RFQ Results​

Data Interpretation​

Extract valuable insights from filtered results:

1. Quote Overview Comprehensive visibility:

   • Complete RFQ listings
   • Performance indicators
   • Status monitoring

2. Detailed Analysis Deep dive capabilities:

   • Multi-criteria sorting
   • Quote comparison
   • Performance tracking

Data Utilization​

Transform insights into action:

1. Performance Tracking Monitor key metrics:

   • Quote response trends
   • Supplier engagement
   • Award distributions

2. Decision Support Drive strategic choices:

   • Identify improvement areas
   • Evaluate supplier performance
   • Optimize RFQ processes

Best Practices​

Effective Analysis​

Maximize analytical value:

• Conduct regular data reviews
• Track consistent metrics
• Identify emerging trends
• Establish performance benchmarks
• Document insights regularly

Dashboard Usage​

Optimize your workflow:

• Create strategic filter combinations
• Export data systematically
• Follow consistent review processes
• Maintain metric documentation
• Share insights with stakeholders

Strategic Applications​

Leverage insights for:

• Supplier performance evaluation
• Process optimization
• Risk management
• Cost reduction opportunities
• Market trend analysis

Interactive Tutorial​

Master RFQ analytics with our comprehensive video guide: