Analyzing Price Versus Quantity

The Price Versus Quantity analysis tool enables you to compare prices for an item at different quantities based on an item bid history as defined by a bid history profile.

Data is displayed on an interactive scatter plot. You can modify settings to include or exclude data points, compare calculated prices based on different criteria, and highlight different types of data as needed. You can continue modifying settings and recalculating the price to analyze the data from different perspectives.

There are two ways to access the interactive analysis tool. If you want to perform a quick analysis for a reference item, navigate to the Item Bid History component, enter values in the required fields, and then select Price vs Quantity Analysis from the Actions menu on the component header. The system displays the interactive analysis tool in a new browser window.

If you want to perform an analysis for a cost estimate item and have the option to save your changes to the associated bid-based task, navigate to the Cost Estimate Item Bid Based Task Summary, and select Price vs Quantity Analysis from the Actions menu on the component header. The system displays the interactive analysis tool. After you modify settings and reprice, the Apply button becomes available, enabling you to save the changes to the bid-based task associated with the cost estimate item. The interactive analysis tool can also be accessed from the item detail record on the Cost Estimate Items tab of the Cost Estimate Summary, or from the item row on the Item Pricing Worksheet for the cost estimating, by selecting Price vs Quantity Analysis from the Actions menu on the price details overlay for the item.

If you accessed the analysis tool from the Item Bid History component, the window displays the analysis based on the values from fields on the Item Bid History component. If you accessed the analysis tool from the Cost Estimate record or the Cost Estimate Item Bid Based Task Summary, the window displays the analysis based on the values from the concept, cost estimate item, and the bid-based task (for additional information about the calculations, see the Bid-Based Pricing Methodology Guide.