Prices go up with the market. Do they come back down?
When commodity and energy prices rise, suppliers are quick to pass the increase on. When they fall, the reduction often doesn't arrive unless you ask for it.
Without your purchase prices and the relevant market indices side by side, it's hard to know whether a price is fair, or to prove the value procurement adds when prices move.
Market Price Benchmarking in DataKITE
Your prices against the index
Purchase prices for key materials tracked against the market indices you choose.
Market exposure
How much of your spend is linked to commodities, energy, freight or currency, and which suppliers carry it.
Rises passed on, falls held back
Categories where your prices have moved up with the market but not back down.
Business unit comparison
The same material bought by different sites, compared against the same index.
Negotiation evidence
Charts and figures ready to take into supplier price reviews.
Year-on-year performance
Procurement's price performance shown against market movement, not just last year's price.
The numbers on your dashboard
- Purchase price index vs market index
- Spend exposed to market movement
- Price gap to market by supplier
- Year-on-year price change vs market change
- Price variance by site for the same material
One set of numbers for every team involved
Facts to challenge price increases and claim reductions.
Show procurement's performance in a moving market.
Understand how much of cost movement is market driven.
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