Award optimization

The combinatorial award optimization begins where the bid analysis and the evaluation of award scenarios with Microsoft® Excel® ends.

The award optimization helps to evaluate different contract awarding strategies from the cost and performance perspectives and to find the optimal allocation scenario:

  • Business rules of the technical department, procurement, and management are modeled.
  • Restrictions and preferences of the providers are considered.
  • Alternative specifications, tariff models, and pricing factors are taken into account

The results of the award optimization (scenarios) show the influence of modeled parameters on the total costs and enable an educated awarding decision considering an objective evaluation of the costs and benefits. Optimizing the contract allocation helps to find the right balance between requirements and costs.

In recent years, large corporations have set up internal consulting teams to calculate the consequences of different award scenarios and to moderate the discussion between the cross-functional decision-makers.

To support you in creating the award scenarios, we use the most robust optimization platforms of the market leaders in this field. That enables us to evaluate even the most complex tenders and model almost all business rules.

The source:net team is convinced that the increasing scope of award optimization will soon change the way we conduct tenders. Many products/services/tariff models are not 1:1 comparable and most of us have seen this as a problem. However, we can also see it as an opportunity for procurement and learn to specify more openly and to integrate the suggestions of the market instead of blocking them.

Welcome to the future of 'Expressive Commerce'

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Thomas Bonfig

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