Setting Up Tiered Alternative Responses

Tiered Pricing functionality allows suppliers to submit Suppliers that may offer discounts based on different volume tiers.

Tiered pricing offers customers a variety of prices at different volume intervals and allows suppliers to offer discounts at different volume tiers.

It is also helpful to see where the price breaks are for each supplier, since Supplier A may provide a different tiered structure than Supplier B. In addition to your forecast, the knowledge of what quantities will yield specific discounts can help you decide exactly how much to buy.

For example, two items are being sourced, but the quantities needed of each item may change due to fluctuating forecasts. Tiered pricing will be needed to know what quantities yield a price discount.

1. Ensure that Alternative Responses is enabled, and Can participants create tiers set to Yes in the Bidding Rules of the template or event.
2. When creating the event pricing content, input a single quantity for each line item, as suppliers must submit a bid based on these quantities in their primary bid.

1. Initially suppliers submit their primary bid based on the quantities indicated by the project owner.
2. Once their primary bid has been accepted, they have the option of creating an alternate bid.
3. Suppliers select Revise, Alternative Response
4. ChooseTier Alternative under Alternative Response.
5. The supplier provides a name for the tier structure and selects the item(s) that will be included in it
6. In the Tiers section, the supplier builds each tier by entering the minimum and maximum quantity for each tier.
7. Once the supplier has completed building the tiers, they click Apply to add pricing to each tier within that tier structure.
8. The system will populate these fields with the bids from the primary bid, but the supplier can edit them with new pricing.

The Content tab in the event monitoring interface displays each participant’s primary and alternative bids in columns. Primary bids display in the column named after the participant. Alternative Bids display in the columns named after the participant and their alternative bid name. If different tier alternatives have the same structure, such as the same line items in the tier and same tier quantity structure, then they also display side by side.

Project Owners can control which alternative bids will display in the Content tab.

Play the video below to see how to create Tier Alternatives.