Jump to content
Sign in to follow this  
Bengm

Quantifying a process

Recommended Posts

I have a scenario that im trying to quantify, and wondering if there is a scientific/mathematical way of approaching it.

Scenario: Under the previous process when purchasing goods for the values of $0 to $2,000 we were required to obtain one verbal quote. Now under the new process when we purchase goods for the same values we are required to obtain two verbal quotes.

Example: Under the previous process one quote was obtained for $1,200, under the new process two quotes were obtained for $1200 and $980

Is there any way to quantify the benefit to the organization by following this new process.  As under the previous process it would have cost $1,200 but by seeking another quote it cost $980.

 

Share this post


Link to post
Share on other sites

Um, 1200-980 = savings of 220?

If it cost more to get two quotes, then that comes off the savings.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.