Make Better Purchasing Decisions with a Simple but Powerful Excel Tool
In procurement, choosing the right supplier isn’t just about price — it’s about finding the right balance between cost, delivery time, and payment terms.
This Suppliers Prices Comparative Analysis Free Excel Template helps you analyze all these factors clearly and efficiently, using a visual and data-driven comparison matrix that simplifies decision-making.
It’s one of those tools that proves how Excel can deliver high analytical value with just a few formulas and smart design — avoiding the complexity and cost of specialized software.
Why Use an Excel Supplier Price Comparison Tool
Many companies manage supplier data manually or rely on ERPs that don’t provide flexible analytical views.
With this Excel model, you can instantly:
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Compare purchase prices by supplier and product
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Identify the lowest and highest prices automatically
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Evaluate delivery times, minimum order quantities, and payment terms
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Support purchasing decisions with objective data
A must-have for purchasing managers, controllers, and supply chain professionals who need agility and clarity in supplier evaluations.
How the Suppliers Price Comparison Template Works
📦 1. Enter Your Product and Supplier Data
Start by entering:
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Products in the first column
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Suppliers in the header row
This creates a product-supplier matrix where you’ll input each supplier’s purchase price for every product.
You can use:
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Standard prices
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Last offered prices
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Average prices
The choice depends on your analysis needs.
🎨 2. Visual Color-Scale Analysis
Each product row includes a conditional color scale:
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Dark green highlights the lowest price
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Dark red or orange highlights the highest price
This visual cue helps you quickly detect the most competitive suppliers.
📊 3. Automatic Calculations
For each product, the template automatically calculates:
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✅ Lowest price
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🏷️ Supplier offering the lowest price
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🔺 Highest price
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🏷️ Supplier offering the highest price
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📈 Price difference between the highest and lowest offers
These calculations are powered by Excel INDEX and MATCH formulas, ensuring reliability and flexibility.
⚙️ 4. Additional Supplier Evaluation Criteria
Below the product matrix, you can also record:
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Supplier Delivery Time (maximum days)
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Minimum Order Quantity
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Supplier Payment Terms (in days)
These additional factors complete your analysis, allowing you to assess not only who is cheaper but also who offers better conditions overall.
Benefits of the Suppliers Prices Comparative Analysis Excel Template
✅ 100% Free, editable, and easy to use
✅ Visual color-scale comparison by product and supplier
✅ Automatic identification of best and worst prices
✅ Includes delivery time, MOQ, and payment term data
✅ Ideal for purchasing, procurement, and finance departments
✅ Helps you make faster, more objective decisions
A simple yet powerful tool that demonstrates how Excel can replace expensive procurement analysis systems for small and medium-sized businesses.
Download the Suppliers Prices Comparative Analysis Free Excel Template
Stop comparing supplier prices manually.
Download the Free Excel Template for Supplier Price Comparison and start analyzing your purchase options with precision and clarity.
👉 Get it now
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