✨ More Options, More Flexibility: Announcing the Cost Effective Ratio! ✨
We are thrilled to announce a significant update to Advanced Evaluations, designed to give you even greater flexibility and control over your procurement process. This upcoming release introduces a new scoring methodology, the Cost Effective Ratio, providing you with more options to tailor your evaluations to the unique needs of your organisation.
This release also include UI/UX changes to the shortlist and final decision stages to streamline decision making.
Please note that this change will come into effect on Wednesday the 23rd of September.
🚀 New Feature: The Cost Effective Ratio
Every organisation has different priorities. This release introduces a new scoring methodology, the Cost Effective Ratio (CER), as an alternative to our existing Weighted Cost Scoring. This approach is inspired by procurement guidelines that treat price as a variable of the overall value, allowing you to choose the method that best aligns with your objectives.
- You now have two distinct scoring methods available that can be configured at an organisation level: the new Cost Effective Ratio and the existing Weighted Cost Scoring.
- Admins can change this from Weighted Cost Scoring to Cost Effective Ratio under the General Advanced Evaluations settings.
- When using the new CER method, the cost criterion will no longer have a weight assigned to it, as the ratio inherently accounts for its impact on the overall value.
- On the Shortlist and Final Decision screens, a new column will dynamically appear. It will display either the Cost Effective Ratio or the Weighted Cost Score depending on the method you've selected for your evaluation.
- We've updated the visual reports and mail merges to seamlessly accommodate the new Cost Effective Ratio data, ensuring all your documentation is comprehensive and accurate.
🎯 Enhanced Decision-Making Tables
We've completely overhauled the tables on the Shortlist and Final Decision screens to provide a cleaner, more intuitive user experience. While the core functionality remains the same, these visual improvements will make it even easier to analyse and compare offers at a glance.
- The refreshed table design provides a cleaner, more modern interface for reviewing and comparing respondents.
- You can now sort any column in the table, giving you the flexibility to organise data however you need whether by score, cost or respondent.
- New badges now highlight the respondents with the highest score and the lowest cost, making it simple to quickly identify top performers and budget-friendly options.
We believe these updates will significantly enhance your ability to run fair, transparent, and effective evaluations. Your feedback is what drives our progress, so please don't hesitate to let us know what you think of the new features!