# RFX Glossary of Terms Follow

Within Vendor Collaboration's Request-for-X (RFX), you will often encounter specialized terms while navigating the interface. Whenever possible, these terms are spelled out contextually, but sometimes they are abbreviated or the underlying process and/or calculations are not displayed due to navigation space constraints. Please use this reference to help understand all such terms pertaining to using RFX on the LevaData Platform.

See also: LevaData Glossary of Terms and LevaData Acronyms for additional reference.

**Awarded Savings ($):**- Savings that is calculated from the awarding of quoted parts. Only awarded CPNs will be considered for the savings calculations.
- Formula: If awarded then
*(Baseline CPN Cost - Calculated Period CPN Cost) * Forecast * Split*

**Awarded Spend ($):**- Savings attained through awarding. Only awarded CPNs will be considered for the spend calculations.
- Formula: If awarded then
*(MPN Cost * Forecast * Split)*

**Non-Awarded Spend ($):**- Spend based on the non-awarded MPNs cost.
- Formula: If not awarded then
*(MPN Cost * Split * Forecast) / 100*

**Baseline Spend ($):**- Spend based on non-awarded MPNs cost. Savings are based on the Baseline Spend.
- Formula:
*(Baseline cost * Split * Forecast) / 100)*

**Benchmark Cost in RFQ:**- For any given part with coverage (
*coverage means that the customer is participating within the community*), the Benchmark Cost next best cost percentile when your MPN cost is compared to the distribution of MPN costs within our community database. - This is specifically for standard parts if available in the LevaData community.
- Benchmark cost is an anchor price for a negotiation but is not guaranteed.

- For any given part with coverage (
**CPN Savings ($):**- CPN Savings are based on baseline CPN cost versus the quote period CPN cost
- CPN Cost is weighted average cost of the parts across all CM / ODMs that are present in the RFQ.
- When Baseline CPN Cost = 0 or CPN Cost=0 then 0 Else
- Formula:
*((Baseline CPN Cost - CPN Cost) * CPN Demand)*

**MPN Savings:**- MPN Savings are based on baseline MPN cost versus quote period MPN cost
- When Baseline MPN Cost = 0 or MPN Cost = 0 then 0 Else
- Formula:
*((Baseline MPN Cost - MPN Cost) * CPN CM Forecast * Split / 100)*

**Opportunity Savings ($):**- Opportunity savings is the difference between target cost and MPN cost multiplied by forecast demand.
- Formula:
*((MPN Cost - Consolidate Opportunity MPN Cost) * CPN CM Forecast * Split / 100)*

**Opportunity (%):**- Opportunity percentage is the percentage of opportunity savings ($) over spend.

**Optimal RFQ:**- Each part is allocated completely to the supplier who offers the lowest MPN cost.

**Optimal Savings Percentage (%):**- Formula:
*((MPN Cost - Consolidate Opportunity MPN Cost) * CPN CM Forecast * Split / 100)* - Maximum savings that are available for the RFQ which can be achieved by allocating lowest cost 100% split. Quoted, Awarded, Unquoted parts are considered for calculation.
- Baseline CPN Cost:
*(CPN Spend / Baseline CPN Demand)* - Formula:
*(CPN Baseline Cost - Calculated Period CPN Cost)*for Forecast Optimal Split

- Baseline CPN Cost:

- Formula:
**Optimal Spend ($):**- Minimum spend that is available for the RFQ which can be achieved by allocating lowest cost 100% split. Quoted, Awarded, Unquoted parts are considered for calculation.
- Formula:
*(MPN Cost * Forecast * Optimal Split)*

**Previous Savings (%):**- Savings % that is achieved in the Current Quarter. This will help users to compare with previous quarter savings.
- Formula:
*((Baseline CPN Cost - CPN Cost for Current Quarter) / Baseline CPN Cost)*

**Projected Savings ($):**- Savings that are available (
*spend that is award pending*) which can be achieved. Non-awarded Customer Part Numbers (CPNs) will be considered for the savings calculations. - Formula: If not awarded then
*((Baseline CPN Cost - Calculated Period CPN Cost) * Total Forecast * Split)*

- Savings that are available (
**Projected Spend:**- At the RFQ level, how much spend is there to award?
- Formula:
*(Projected Spend = RFQ Spend - Awarded Spend)*

**Quoted Spend ($):**- Spend based on the cost quoted by Supplier.
- Formula:
*(MPN Cost * Split * Forecast) / 100.*For the Sent/Viewed Supplier status, this will be zero.

**Quoted Savings ($/%):**- Savings based on the Supplier responded costs. For the Sent/Viewed Supplier status, this will be zero.
- Formula:
*(Baseline CPN Cost - Supplier Quoted MPN Cost) * Forecast * Split / 100*

**RFQ Savings Received ($, %):**- Savings based on the Supplier responded costs.
- Formula:
*(Baseline CPN Cost - Supplier MPN Cost) * Total Forecast*

**RFQ Spend ($):**- Spend based on Quoted, Awarded, Unquoted parts.
- Formula:
*MPN Cost * Forecast * Split*

**Standard Cost:**- This field is used as part of the savings calculations to arrive at CPN Baseline Cost, therefore it impacts Smart RFX calculations when it is being provided by customer.
- CPN Baseline Cost =
*CPN Spend / Baseline CPN Demand* - Formula:
*((CPN Baseline Cost - CPN Current Quarter Cost) * Current Quarter Demand)*

**Target Cost:**- It is a minimum of Previous Quarter MPN cost, Consolidated Benchmark Cost, Baseline Customer Part Number (CPN) Cost.
- If zero or blank, take Next Period MPN Cost.

**Target Savings ($):**- The target that is set during the creation of RFQ. Savings are based on the Target Cost that is set to the MPNs.
- Formula:
*((Baseline CPN Cost - Target MPN Cost) * Forecast * Split / 100)*

**Target Savings (RFQ):**- This is a user input that is the targeted savings for a Supplier.
- Formula:
*((Baseline CPN Cost - Target MPN Cost) * Forecast * Split / 100)*

**Target Spend ($):**- Target that is set during the creation of RFQ. Spend is based on the Target Cost that is set to the MPNs.
- Formula:
*(Target MPN Cost * Forecast * Split)*

## Comments

0 comments

Please sign in to leave a comment.