# Top Savings The Top Savings by RFQ report summarizes the amount of savings on your request for quote events. The events are ranked by the event's identified savings (USD). **Suggestion**: If you believe that the identified or awarded savings for a particular event is overstated due to an error with a particular supplier bid or an incorrect benchmark, please contact to request the event or bid be marked as an outlier. Include the ID of the event and the erroneous supplier bid, if applicable.
ColumnDescription
Request IDDisplays the customer's identification number for the event.
TitleDisplays the event Title.
Identified Savings

Displays the sum of identified, potential savings for your opened events. Identified savings is calculated at the line item level as Baseline - Lowest Bid. This value doesn't include alternative items.

If you drill into this value, you can review and download a summary of the event. This includes the RFQ ID, Request ID, Status, Created at Date, Title, Identified Savings, and Awarded Savings. Identified savings example

Awarded Savings

Displays the sum of awarded savings for your request for quote events. This value is calculated at the event level as baseline spend - awarded bid. This calculation only includes values where you saved money.

Awarded savings example

For the following example event, there are three awarded line items. The awarded savings calculation highlights saving. When an item is equal to or more than the baseline spend, it is zeroed in the calculation; we don't include negative values. Because awarded savings is calculated on the event level, there is a negative savings and the event does not include savings overall (zeroed).

Event vs. line item savings

While savings can be calculated on the event or line item level, the Fairmarkit standard dashboards use the event level calculation, which means we look at the lowest total response from a single supplier to find savings.

For comparison, line item level savings are calculated for each line item and typically show higher savings. However, this method doesn't allow you to see how the lowest full supplier response compares to other responses.

If you drill into this value, you can review and download a summary of the event. This includes the RFQ ID, Request ID, Status, Created at Date, Title, Identified Savings, and Awarded Savings.

| # | Baseline Spend | Quote 1 | Quote 2 | Quote 3 | Line savings | | ------------------- | -------------- | ------- | ------- | ------- | ------------ | | 1 | $100 | $80 | $90 | $110 | $20 | | 2 | $100 | $110 | $100 | $50 | $50 | | 3 | $100 | $50 | $90 | $75 | $50 | | Total Bid Amount | $300 | $240 | $280 | $235 | | | Event level savings | | | | $65 | | | Line level savings | | | | | $120 | | # | Title | Item Baseline Spend | Item Awarded Amount (USD) | Savings (USD) | Savings zeroed (USD) | | ------------ | -------- | ------------------- | ------------------------- | ------------- | -------------------- | | 1 | Monitor | $500 | $500 | $0 | $0 | | 2 | Laptop | $1500 | $2500 | -$1000 | $0 | | 3 | Keyboard | $150 | $50 | $100 | $100 | | Event total: | $2150 | $3050 | -$900 | $0 | | |

Item

| Supplier 1 | Supplier 2 | Supplier 3 |

Average proposal
(baseline spend)

| Lowest | Identified Savings | | --------------- | ---------- | ---------- | ---------- | ------------------------------------------- | ------ | ------------------ | | #123 | $100 | $75 | $200 | $125 | $75 | $50 | | #456 | $225 | $230 | $205 | $220 | $205 | $15 | | #789 | $325 | --- | --- | $325 | $325 | $0 | --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.fairmarkit.com/buyers/analytics/buyer-reporting/top-savings.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.