Buyers in Coupa can create RFQs to competitively bid larger purchases. By having suppliers compete against each other, you'll reap hard dollar savings on these purchases.

When creating the initial RFQ, include an estimate of the cost of the good or service in the "Base Price" field. The base price will stay internal. As you bring in bids from suppliers, the bid will be compared to the base price and the difference between the accepted bid and base price will represent the savings for your organization.

Savings is computed by taking all orders backed by a quote line (from an RFQ) and comparing the PO price with the base price from the RFQ or the highest bid.