Significantly, this section allows you to compare the cost of the same item in various amounts and from different vendors. Please do not try to delete or manually edit the grey calculation cells. You can select the name of the desired vendor from the dropdown menu. You will see a warning message if the total cost of purchasing the specified items from that vendor exceeds the previously set budget. Besides that, you can also determine the budget required for the job. The template will show the lowest total cost on the top, with a colored cell. You should input the quantity and unit for that item first, and then the unit prices of the different vendors. In this section, you can compare the total cost of purchasing the same items from different vendors. In addition, you can choose whether or not to highlight the minimum unit cost from the “Highlight the min unit cost?” option. To point out, the yellow notes in the dashboard will explain to you the purpose of each section.
Particularly, you should start by specifying the vendor names, units, and currency to be used in the template. Cost Comparison Excel Template Features:įirst of all, this template has five sections to compare the cost based on different approaches. In addition, the template allows you to compare the costs between different months and reveals the monthly/yearly cost trends, with the help of customizable charts and graphs. So, with this Cost Comparison Excel Template, you may analyze the optimum options in whether weighted or unit-based approach.
With the increasing number of available vendors in the marketplace, it is important to make sure many options are taken into consideration.
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