Know what materials will cost before the P&L does
For manufacturers and goods businesses, direct materials are usually the biggest cost line. Budgets and forecasts for them are often built in spreadsheets that take weeks to update and are out of date when they're finished.
When a commodity spikes or a supplier raises prices, finance and procurement need to know quickly what it means for the year, not at the next month end.
Direct Materials Budgeting & Forecasting in DataKITE
One view of past, present and future
Actual spend, budget and forecast for every material in one place.
Purchase price variance
PPV forecast and tracked against budget, by material, supplier and site.
Index-linked forecasts
Forecast prices linked to the market indices that drive them.
What-if scenarios
Model the effect of price rises, currency moves, volume changes or a switch of supplier.
Shared with finance
Outputs in the shape finance needs, from PPV to P&L impact.
Faster forecast cycles
Refresh the forecast from live data instead of rebuilding spreadsheets.
The numbers on your dashboard
- Budget vs forecast vs actual by material
- Purchase price variance (PPV)
- Forecast price by index
- Scenario impact on cost of goods sold
- Variance drivers: price, volume and mix
One set of numbers for every team involved
Reliable materials forecasts and early warning of PPV.
See the impact of market moves and act before costs land.
Plan around cost and supply changes.
From your systems to live dashboards
- 1
Connect your data
We sign an NDA, then connect your ERP, purchasing and finance systems, with access agreed with your IT team.
- 2
We cleanse and map it
Suppliers, categories and cost structures set up the way your business defines them. That work is ours.
- 3
Act on live dashboards
Power BI powered, online and secure 24x7, shared with everyone who needs them without a Power BI licence each.
More DataKITE solutions
See what your data is telling you
- 1We reply within one working day to find a time.
- 2A 30-minute screen share of DataKITE dashboards for your departments.
- 3If it fits, a plan to connect your systems and build your first dashboards.
Prefer to talk now? +44 (0)1740 625 258 or hello@i2b-online.com