Pricing & Purchasing: IHS Global Insight
Generating accurate price estimates, forecasts and analysis to help purchasing managers and contractors better negotiate prices and understand suppliers' cost structures.
The IHS Global Insight Pricing and Purchasing Service provides timely, accurate cost and price analysis that helps corporations and government agencies better manage supplier relationships, assess supplier quotes and negotiate long-term contracts.
The service includes ten-year forecasts for thousands of commodity prices and wages, as well as access to thousands of historical price and wage series from around the globe.
Armed with a better understanding of suppliers' cost structures and market dynamics, clients can negotiate prices effectively, reducing supply chain costs and boosting the bottom line.
Who uses the service? How? Aerospace and defense industry Long-term contracting: determine contract escalation clauses in pricing contracts Procurement professionals Purchasing: identify the best time to purchase raw materials, understand your supplier's cost structure and better negotiate supplier quotes Energy sector Cost estimation: determine whether a new project is worth pursuing
The Pricing and Purchasing Service helps customers with:
- Negotiate contract escalation clauses
- Determine which index will serve you best over the life of a contract
- Build composite cost indexes for contract management
- Evaluate subcontractor and supplier price quotes
- Benchmark costs accurately
- Pinpoint the best times to make key purchases
- More effectively manage your supply chain and quantify diversified spending patterns
- Build composite cost indexes
- Perform margin analysis on supplier industries
- Check the competitiveness of a supplier's price
- Populate customized business-unit or product-line reports
- Cost estimation
- Determine whether a new project is worth pursuing
- Calculate project costs over the life of a project
- Evaluate project risk relative to labor and material shortages
+1 800 447-2273
+81 3 4530 9703
Europe, Middle East & Africa
+44 (0) 1344 328 155