Requests

Smart Ranking RFPs with AI

Overview

Suppliers can use Smart Ranking system to prioritize Requests for Proposal (RFPs) according to your own set of criteria. This tool helps in organizing proposals based on factors like recurring customers, distance, and estimated order value.

Optimizing Smart Ranking for RFPs

Within the Review Requests page, look for the Smart Ranking section in the right panel. From there, you can simply drag and drop to reprioritize the ranking of each criteria.

After making these adjustments, the system automatically updates to reflect changes to surface the best RFPs.

Smart Ranking Definitions

  • Recurring Customers: Prioritizes orders from regular buyers.

  • Distance: Orders can be ranked based on their geographical location, which can help in optimizing logistics and reducing shipping times and costs.

  • Historical Similarities: RFPs with requirements similar to previous orders you have fulfilled can be ranked higher, leveraging your experience and efficiency in those particular types of projects.

  • Estimated Order Value: This criterion ranks RFPs based on the potential revenue they represent, allowing you to focus on more lucrative opportunities.

  • Estimated Component Value: Focus on RFPs with higher-value components, which could impact your bottom line more significantly.

Boost Your Operations

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Frequently Asked Questions

  • To reset the ranking criteria in Smart Ranking, toggle off the Optimize Ranking feature and then toggle it back on. This action returns the criteria to their default settings.

  • To update the criteria in Smart Ranking, use the Optimize Ranking feature. Here, you can manually reorder the priority factors to better meet your needs.

  • Smart Ranking helps improve logistics by prioritizing orders based on distance. This can lead to reduced shipping times and costs.

  • While the default settings of Smart Ranking focus on parameters like cost and lead time, it doesn't specifically prioritize new customers. Adjustments would need to be manual to focus on new customer engagement.