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.
• 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 ($) over spend.
• Optimal RFQ:
  • Each part is allocated completely to the supplier who offers the lowest MPN cost.
• Optimal Savings Percentage (%):
  • Formula: ((MPN Cost - Consolidate Opportunity MPN Cost) * CPN CM Forecast * Split / 100)
  • Maximum savings that are available for the RFQ which can be achieved by allocating lowest cost 100% split. Quoted, Awarded, Unquoted parts are considered for calculation.
    • Baseline CPN Cost: (CPN Spend / Baseline CPN Demand)
    • Formula: (CPN Baseline Cost - Calculated Period CPN Cost) for Forecast Optimal Split
• Optimal Spend ($):
  • 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 ($):
  • Savings that are available (spend that is award pending) which can be achieved. Non-awarded Customer Part Numbers (CPNs) will be considered for the savings calculations.
  • Formula: If not awarded then ((Baseline CPN Cost - Calculated Period CPN Cost) * Total Forecast * Split)
• Projected Spend:
  • At the RFQ level, how much spend is there to award?
  • Formula: (Projected Spend = RFQ Spend - Awarded Spend)
• Quoted Spend ($):
  • 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)