Help & Support

Frequently Asked Questions

How do I reset my password?
If you access SpendLogic using a username and password, there is a link on the login page that you can use to reset your password.  If you use Single Sign On, contact your Administrator for instructions on how to do this.  If you need additional help, please use the help request form to contact us directly.
I don't know which analysis method to choose, what should I do?

In the PO Procurement Details screen, when you specify a part number that you want to analyze, you’re provided with a button to “Choose Report.”  On that screen, clicking “New Report” results in a dropdown list – at the bottom is an option titled “Help Me Choose.”

Choosing this item starts the “Method Wizard” which will help you decide what report type to choose.

I need to analyze a similar-to item, but don't see that as an option. Does SpendLogic work for this type of analysis?

Yes.  In each analysis method (i.e. Competitive, Historical, etc.) SpendLogic walks through the steps to adjust the basis price for differences in market conditions, complexity, or other differences.  The screens where this occurs, by analysis method, are listed below:

 

  • Competitive:  Bid Details screen
  • Historical:  Complexity Adjustment Screen
  • Market Comparables:  Market Comparables Screen
  • Parametric:  Complexity Adjustment Screen
  • Published Price List:  Complexity Adjustment Screen
How often are the escalation indices updated?
Monthly, by the 17th of each month.  SpendLogic’s update schedule matches that of the Bureau of Labor Statistics.
How is future escalation calculated?
SpendLogic relies on the Bureau of Labor Statistics (BLS) for current and historical escalation data.  SpendLogic uses a proprietary algorithm to then forecast these index values 18 months into the future, relying on BLS as well as other economic indicators.  These forecasts are updated monthly as BLS and other economic indicators are updated.
I have a price analysis completed, but now what?

When you’ve completed the price analysis, what you really have is the maximum price that you would be willing to settle at in price negotiations.  With price analysis in hand, your next steps should be to…

  • Create a “first offer” position that leaves you room to negotiate up to the price analysis value
  • Start negotiations
  • Ask for additional supporting data if the supplier does not respond with an acceptance of your offer
I'm unable to negotiate down to the price that SpendLogic says is fair and reasonable. Now what?

Before proceeding, consult your company’s policies and procedures as to how to proceed in this situation.  Most companies have a set of documentation that is required to be filled out if negotiations cannot result in a price that is determined “fair and reasonable.”

While the objective of price negotiations is to obtain a price that is “fair and reasonable,” the inability to do so does not preclude you from placing the purchase order.  It’s important to document this fact – RESIST THE URGE TO CHANGE YOUR PRICE ANALYSIS SO THAT IT MATCHES THE SUPPLIER’S FINAL PRICE!

If the supplier’s “best and final offer” is higher than that which you’ve determined “fair and reasonable,” then there are a couple courses of action you could take:

  1. If the supplier provided additional information during negotiations that would impact your price analysis, then create a revision to your analysis to include this information.  Make sure that this is also discussed in your internal negotiation notes so that an auditor sees proper date alignment between the price analysis and negotiations.
  2. If no additional data was provided that would impact your price analysis, then it’s important that you have a complete record of all the offers that changed hands during negotiations.  An auditor will want to see that you set forth a reasonable effort to negotiate and that in the end, the price offered is “best obtainable.”  If this is the case, refer to your company’s policies and procedures for specific documentation requirements.  Typically, this will require that authority to proceed is provided by Management.

Need help?

  • The easiest way to contact us is by using SpendLogic’s built-in chat tool.  However, if you prefer, here are some other ways to contact us.
  • Email:  [email protected]
  • Or use the help request form below:
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Tutorial Videos

SpendLogic Basics


What is SpendLogic?
What is SpendLogic?
How to Search Reports
How to Search Reports
Fundamentals of Price Analysis
Price Analysis Fundamentals
Part 1/2
Fundamentals of Price Analysis
Price Analysis Fundamentals
Part 2/2

Competitive Price Analysis (Lowest Price)


Competition, Low Price (All Screens)
All Screens:  LPTA
Screen:  Final Summary
5. Final Summary
Screen:  Competition Details
2. Competition Details

 

Screen:  Bid Details
3. Bid Details
Screen:  Risk Check
4. Risk Check

Competitive Price Analysis (Best Value)


Competition, Best Value (All Screens)
All Screens:  Best Value
Screen:  Final Summary
5. Final Summary
Screen:  Competition Details
2. Competition Details

 

Screen:  Bid Details
3. Bid Details (BV)
Screen:  Risk Check
4. Risk Check

Historical Price Analysis Reports


Historical Price Analysis Report (All Screens)
All Screens:  Historical
Screen:  Quantity Correction
5. Quantity Correction
Screen:  Historical Price Details
2. Hist. Price Details
Screen:  Complexity Adjusments
6. Complexity Adjustment
Screen:  Proposed Price Details
3. Proposed Price Details
Screen:  Risk Check
7. Risk Check
Screen:  Escalation
4. Escalation

Market Comparables Analysis Reports


Market Comparables Price Analysis Report (All Screens)
All Screens:  Mkt Comparables
Screen:  Risk Check
5. Risk Check
Screen:  Market Comparables
2. Market Comparables
Screen:  Proposed Price Details
3. Proposed Price Details
Screen:  Complexity Adjusments
4. Complexity Adjustment

Published Price List Analysis Reports


Published Price List Analysis Report (All Screens)
All Screens:  Published Price
Screen:  Escalation
5. Escalation
Screen:  Final Summary
9. Final Summary
Screen:  Proposed Price Details
2. Proposed Price Details
Screen:  Quantity Correction
6. Quantity Correction
Screen:  Published Price List Details
3. Price List Details
Screen:  Complexity Adjusments
7. Complexity Adjustment
Screen:  Basis Price
4. Basis Price
Screen:  Risk Check
8. Risk Check

Parametric Analysis Reports


Parametric Analysis Report (All Screens)
All Screens:  Parametric
Screen:  Quantity Correction
5. Quantity Correction
Screen:  Proposed Price Details
2. Proposed Price Details
Screen:  Complexity Adjusments
6. Complexity Adjustment
Screen:  Basis Price
3. Basis Price
Screen:  Risk Check
7. Risk Check
Screen:  Escalation
4. Escalation
Screen:  Final Summary
8. Final Summary