Karen Stein
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Recent activity by Karen Stein-
Best Value - Training Video
Check out our training video on conducting a Best Value competitive price analysis! Note: If you need additional help after watching this video, contact us at help@spendlogic.com.
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When is selecting "Other" acceptable in a historical analysis?
Problem: The Historical methodology has the option to choose OTHER if unsupported by a prior competition or cost analysis. When is using "Other" acceptable in a historical analysis? As stated in ...
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Supplier did not quote all of the lines in my RFP. How do I show this in a competitive analysis?
Scenario: You have issued a competitive RFP to multiple suppliers for multiple parts in multiple quantities. One of your suppliers submitted a quote for some of the parts but not all of the parts....
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Published Price List (PPL) Training Video
Check out our training video on conducting a Published Price List price analysis. Note: If you need additional help after watching this video, contact us at help@spendlogic.com.
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The BLS Occupational code I need for my labor rate analysis is not in SpendLogic. What do I do?
Not all BLS Occupational Codes are in SpendLogic. One reason for this is the labor category you are seeking generally does not work a standard 40-hour, M-F schedule, e.g., pilots, doctors, and nur...
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Parametric (Yard Stick) Price Analysis - Training Video
If you need help with parametric price analysis, check out this training video. Note: If you need additional help after watching this video, contact us at help@spendlogic.com.
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I recently bought an item, and I am buying the same item now. Can I use historical pricing as my methodology?
It depends. If your prior purchase was deemed fair and reasonable either through competition or cost analysis, the SpendLogic software allows you to use historical pricing as your methodology. Yo...
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How do I show a discount (enter a negative number) in my parts analysis?
Often times suppliers will offer discounts or trade-in credits on a quote. So where do you enter this information when conducting your competitive analysis? On the "Bid Details" portion of the ana...
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I have a long list of parts to analyze for my price analysis. Do I have to enter each one separately?
Now you can analyze a long list of part numbers in a spreadsheet format using any non-competitive analysis method. This feature is available now to ALL SpendLogic users. On the next screen, y...
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How do I know whether a supplier’s proposed profit is fair and reasonable?
A supplier can propose whatever profit they like. However, it is your responsibility as the buyer to determine whether that profit is fair and reasonable. Utilization of the Weighted Guidelines Sys...