Savings

The different types of savings captured when purchasing products.

Summary​

When an order is placed there are three different types of savings that can be captured down to the product level:

1. Swap Savings - If the purchase price is less than the average of all pricing availble to the user for that product, then this difference is the swap savings achieved. Purchasing the cheapest option will maximise this value. If the cheapest option isn't purchased, some or all of the swap savings will be categorised as missed rather than achieved. If the cheapest option hasn't been selected prior to placing the order, the user will be prompted to 'swap' to this supplier and price.
2. Store Savings - The difference between the supplier's negotiated price for the product in your store and their public price (when the negotiated price is less).
3. Price Drop Savings - If the price paid for this product is less than when it was last ordered, the difference between the two is a price drop saving.

These savings can be viewed at the order level and product level by viewing order detail pages. Additionally, the grand total of each saving can be viewed over time from the landing page.

Viewing Total Savings Over Time​

Viewing Order Savings​

Savings can be viewed in detail where available in the Savings panel of an order page. To switch between the different types of savings, open the dropdown menu and select the appropriate option.

When viewing a particular savings type, more details can be accessed by clicking the appropriate section e.g. Swap Savings achieved.

Swap Savings​

• If the purchase price is less than the average of all pricing availble to the user for that product, then this difference is the swap savings achieved. Purchasing the cheapest option will maximise this value.
• If the cheapest option isn't purchased, some or all of the swap savings will be categorised as missed rather than achieved.
• If the cheapest option hasn't been selected prior to placing the order, the user will be prompted to 'swap' to this supplier and price.

Swap Savings Achieved​

The Swap Savings achieved section will display the overall swap savings achieved for the order. Additionally, for each product that achieved some swap savings, this section will show:

1. The average price at the time of ordering (left)
2. The purchase price (right)
3. The saving per unit (difference between avg. price and purchase price)
4. The total savings for the product (accounting for quantity)

Swap Savings Missed​

The Swap Savings missed section will display the overall swap savings missed for the order. Additionally, for each product that missed some swap savings, this section will show:

1. The purchase price (left)
2. The cheapest price available at the time of ordering (right)
3. The missed saving per unit (difference between purchase price and cheapest price)
4. The total missed savings for the product (accounting for quantity)

Store Savings​

Store savings show the difference between the supplier's negotiated price for the product in your store and their public price (when the negotiated price is less).

The Store Savings achieved section will display the overall store savings achieved for the order. Additionally, for each product that achieved some store savings, this section will show:

1. The public price at the time of ordering (left)
2. The purchase price i.e. the negotiated/store price (right)
3. The saving per unit (difference between public price and purchase price)
4. The total savings for the product (accounting for quantity)

Price Drop Savings​

If the price paid for this product is less than when it was last ordered, the difference between the two is a price drop saving.

The Price Drop Savings achieved section will display the overall price drop savings achieved for the order. Additionally, for each product that achieved some price drop savings, this section will show:

1. The last ordered price (left)
2. The purchase price (right)
3. The saving per unit (difference between last ordered price and purchase price)
4. The total savings for the product (accounting for quantity)