Summary:
Enable users to see a visual indicator for each selected bid rate that shows whether the rate is high, average, or low compared with a defined reference range. This gives pricers an immediate view of pricing position and profitability while reviewing multiple line items.
Problem Statement:
Currently, pricers must manually compare selected bid rates against expected benchmarks or reference ranges to understand whether a rate is aggressive, competitive, or margin-friendly. This slows decision-making across large quotes and increases the risk of inconsistent pricing choices that may reduce profitability or weaken competitiveness.
Proposed Solution:
Add heat mapping or similar visual indicators to bid rate selections so each rate is clearly marked as high, average, or low relative to a reference range.
Use color-coded or comparable visual cues that are easy to scan across many line items.
Ensure the reference range is based on defined benchmark logic so users can trust the comparison.
Display the indicator without interrupting the pricing workflow, allowing users to evaluate margin and competitiveness at a glance while making selections.
Benefits:
Speeds up pricing decisions across large sets of line items.
Improves visibility into margin and competitiveness during bid creation.
Helps users make more consistent and informed rate selections.
Reduces manual cross-checking effort and the likelihood of pricing errors.