What is a comparative statement of quotations?
A comparative statement lays out the quotations received for a purchase side by side, item by item, so the buyer can see which supplier is cheapest for each item and overall. A sound one compares landed cost, payment terms and delivery time, not only the quoted rate.
Also called: Price comparator, Quotation comparison, Bid comparison sheet, CS.
It is usually rebuilt by hand in a spreadsheet for every purchase, which is slow and easy to tilt. It is also the document an approver or auditor asks for when a purchase is questioned.
In ERP Infra
The price comparator builds the comparison automatically from the quotations recorded against an enquiry: items down the page, suppliers across it, ranked on landed cost, with the last rate paid beside each item.
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