Reduce Costs Smarter. Decide Faster.

In today’s highly competitive business environment, effective cost management is a key driver of success. Organizations need tools that enable accurate, transparent, and fast analysis, comparison, and pricing decisions. The Cost Comparison Application is specifically developed to meet these needs. It is a platform that simplifies quotation comparison, making the process structured, efficient, and fully traceable at every step.

Cost Comparison is an application designed to manage and compare costs from multiple suppliers within a single system. It integrates with the RFQ (Request for Quotation) system, allowing users to analyze and compare submitted quotations and select the most suitable option based on clear criteria.
The system is designed to align with organizational structures by clearly separating access based on Business Units (BU). Each user can only access data within their own area of responsibility, enhancing data security and reducing operational complexity.

The Cost Comparison application covers the entire process—from initiating comparisons to final approvals—through a comprehensive set of features:

1. Intelligent Dashboard for Task Monitoring

The system provides a Dashboard that gives users a clear overview of their responsibilities, including:

• My Task: Displays all assigned tasks
• Announcement: Centralized company announcements
• My Cost Comparison: Shows task status (On Plan or Overdue)
• Cost Comparison Activity: Tracks all activities related to collaboration within the system

2. Structured Cost Comparison Initiation

Users can initiate comparisons via the Start Cost Comparison menu by selecting multiple quotations (with the same currency) within their own BU.
The system supports multiple comparison purposes, such as:

• Trial Price: Market price validation
• Temporary Price: Trial pricing from quotations
• Sourcing Fix: Supplier changes
• Final Price: Agreed final pricing

3. In-Depth Data Analysis (Part Information)

The system organizes data into four key tabs:

• Candidate List: Evaluates quality (QA Score), delivery performance (Delivery Score), and compatibility with new models (New Model)
• Similar Part: Compares with previously purchased parts, breaking down costs into categories such as Raw Material, Manufacturing, Tooling, Other Costs, etc.
• Cost Table: Displays detailed cost and total pricing
• GPM (Gross Profit Margin): Provides profit analysis

4. Supplier Selection (Final Selection)

The system helps users select the most appropriate quotation, featuring:

• Green highlight for the selected option
• Index value for price comparison across quotations
• Justification for decision-making
• File attachment support for additional documentation

5. End-to-End Approval Workflow

• Define Approval Route (reviewers and approvers)
• View Draft Preview before submission
• Generate comparison documents instantly

Among many tools in the market, our Cost Comparison solution is specifically designed to address real organizational challenges. Key advantages include:

1. Accuracy and Transparency
   All comparisons are backed by structured data, covering cost, quality, and conditions, minimizing decision-making errors.

2. Structured Data Control
   Role-based access by Business Unit ensures data security and keeps users focused on their responsibilities.

3. Faster and More Efficient Processes
   Replacing manual processes such as spreadsheets and multiple documents, the system consolidates everything into one platform, significantly reducing working time.

4. Seamless Collaboration
   All activities are recorded and visible, enabling teams to collaborate effectively and stay aligned.

5. Strategic Decision Support
   With insights such as cost breakdowns and index comparisons, executives can make confident, data-driven decisions.

Implementing Cost Comparison brings significant value across multiple dimensions:

1. Effective Cost Reduction
   Organizations can select the most cost-effective supplier—not just the lowest price, but the best overall value.

2. Faster Decision-Making
   All relevant data is consolidated in one system, reducing time spent gathering and analyzing information.

3. Enhanced Transparency and Traceability
   Every step is recorded and auditable, reducing disputes and increasing organizational trust.

4. Standardized Work Processes
   Defined workflows ensure consistency across departments.

5. Business Growth Enablement
   Improved cost management strengthens competitiveness and supports sustainable business expansion.