Explains how to use Cloud Source, K2 Sourcing’s strategic sourcing application, to create highly automated RFP reporting and optimized award decisions. By applying formulas to RFP templates in Cloud Source, users can eliminate; copying and pasting, redundantly applying formulas in spreadsheets, filtering formulas for error correction in spreadsheets, Vlooking in other relevant information, and more. Users can also set criteria across several thousand data points to quickly optimize the award of business. Particularly effective on large events like transportation.
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