Annual purchase data holds the key to smarter spending and stronger supplier relationships. The RizzitGo Spreadsheet
Step-by-Step Analysis Using Your RizzitGo Spreadsheet
Step 1: Consolidate and Clean Your Data
Begin by ensuring all purchase records for the fiscal year are imported into the designated Data InputSupplier Name, Purchase Date, Item SKU/Category, Total Cost, QC Status (Pass/Fail), and Refund Status. Clean any inconsistencies to guarantee accurate analysis.
Step 2: Summarize Total Spending
Utilize the pre-built Spending Dashboard
By Supplier:
By Category/Product Line:
By Month/Quarter:
Key Question:
Step 3: Analyze QC Approval Rates
Navigate to the Quality Control Analytics
Calculate the overall annual QC pass rate
Filter rates by supplier. Flag suppliers with pass rates significantly below your company's standard (e.g., below 95%).
Filter rates by product category. Some item types may be inherently more prone to quality issues.
Key Insight:
Step 4: Track Refund Frequencies and Causes
In the Refund & Claims Tracker, summarize the frequency and monetary value of refunds.
- Compute the refund rate: (Number of Refunded Items / Total Items Purchased).
- Cross-reference refund reasons with supplierQC fail data. Is there a direct correlation?
- Calculate the true cost
High refund frequency is a major profitability killer, often more impactful than the unit price itself.
Identifying Strategic Trends
With the three core metrics summarized, look for correlations and trends in your integrated dashboard:
- The Cost-Quality Link:
- Seasonal Quality Dips:
- Supplier Performance Trajectory:
Optimizing Your Buying Strategy
Turn your insights into a concrete procurement plan:
- Reallocate Spend:high-performing suppliers
- Renegotiate or Exit:
- Refine QC Focus:
- Set Data-Driven KPIs:
- Automate the Process:
Conclusion: From Data to Decisions
An annual review of your purchase data in the RizzitGo Spreadsheettotal spending, QC approval rates, and refund frequencies, you move beyond intuition, identifying the true trends that impact your bottom line. This empowers you to build a resilient, cost-effective, and quality-focused buying strategy for sustained competitive advantage.
Start your review today—your most insightful supplier is your own data.