How to choose the best vendor in Peakflo?

To streamline the process of choosing the best vendor, use a bidding matrix. A bidding matrix is a tool that allows you to evaluate vendors based on prices and costs offered by them. It helps you make informed decisions by providing a structured way to compare vendors and their offerings.

 

How bidding matrix work in Peakflo?

Peakflo streamlines the vendor selection process by providing bidding matrix reports and automated scoring mechanisms. The report will give you a detailed view of the prices provided by different vendors. You can also view which vendor matches, exceeds, or offers lower prices than the purchase quote generated by you. The best prices for your purchase will be highlighted in green, so you can identify which is the best vendor proposal and make informed decisions.

How to enable the bidding matrix in Peakflo?

To leverage the full capabilities of the bidding matrix in Peakflo, request support@peakflo.co to enable the bidding matrix report.