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Pricing & Purchasing - Supply Management

Achieve cost savings. Master spending. Drive procurement excellence.

More than 75% of procurement professionals believe input cost, productivity and supply-demand analysis are critical for supplier negotiations, yet fewer than 40% possess this insight. IHS is here to help. For more than 40 years, our Pricing & Purchasing team has equipped the purchasing community with information, expertise and analytics on the world’s commodity markets and the key factors that drive them. We deliver 10-year price forecasts with award-winning accuracy and deep insight into your suppliers’ cost structures so you can cut spending, assess your buying performance and favorably negotiate purchase contracts.

We’ve aligned our services with your workflows to offer subscriptions by industry and commodity. This way, you can find the best purchasing advice for your industry matched with the commodity input costs for your products. Nowhere else will you find this breadth of commodity price coverage: 500,000+ historic prices, 4,000+ forecasts, costs and wages, and 200+ cost models across 60 geographies.

Our team has helped 12,000+ clients save more than $1 billion in aggregate and can help you with:

  • Sourcing - Monitor prices and pinpoint the best times to make key purchases
  • Contracting - Negotiate contract escalation clauses based on IHS escalation rates
  • Supplier cost insight - Assess supplier quotes based on input costs and market fundamentals
  • Benchmarking - Track prices to evaluate purchasing performance
  • Budgeting - Prepare budgets and financial reviews based on accurate forward-pricing data

Customer Testimonials

"Because of your support, we were able to calculate price adjustments on the multiyear contracts that were significantly less than those based on the improperly inflated aircraft manufacturing index and we were able to avoid a cost of $520.6 million.”

- US Department of Defense

“In the first year alone, we achieved $60 million in cost savings in materials procurement.”

- Global Electronics Manufacturer

“IHS advised us not to enter into a contract with locked-in prices based on our estimates that steel prices would spike temporarily, then return to previous levels in the near future. We saved over US$10 million by heeding IHS recommendations and delaying the purchase.”

- Global Oil and Gas Company

“IHS provided us with the tools and data to build a composite spending index. Armed with this information, we demanded price adjustments from our suppliers. As a result, we reduced our procurement spend by 10%.”

- Chemical Manufacturer

"We buy a lot of steel sheet and we needed to lock in prices for the coming year before those costs increased. Working with IHS analyst, John Anton, we found that a recent weather disruption and several other factors had resulted in an artificial price spike for steel sheet. John advised us to buy on the spot (not on contract) and we wound up saving over $10 million."

- Fortune 500 Automotive Manufacturer

“We use IHS as a trusted advisor because we know that we can rely on the quality of the data and the people on the team, their expertise and experience. That’s a big advantage for us as we work together to promote operational excellence.”

- Global Oil and Gas Company


Areas of Expertise

ChallengeSolution
Global SourcingTo compete globally, suppliers must compare prices and wages across countries and regions.IHS global forecast coverage evaluates the total cost of investment around the world.
Purchase Timing & NegotiationIn today's extremely volatile market, knowing when to buy is a decision fraught with risk. Prices often reflect double-digit percent changes from quarter to quarter, complicating purchase decisions. To build up their own margins, sellers pass along price increases in excess of their cost escalations.To help you achieve significant savings, IHS can customize your buying strategies using our accurate and dependable forecasts.
Contracts & Price BenchmarkingNegotiations can break down when both parties disagree over the price to follow. One-sided sources can offer a disadvantage when establishing transparent price contracts.As a third-party source, IHS supports the OEM-supplier relationship by providing transparent, accurate numbers and ensuring both sides use matching concepts in their internal projections.
Purchase Performance MeasurementMany companies deal in materials with no clear market price or in markets with few supppliers. Without a transparent benchmark price, it is difficult to measure and improve one's purchasing performance.IHS illuminates obscure markets by measuring prices and escalation rates industry-wide, so you can clearly compare your spend to that of your peers
Budget PlanningAssembling cost projections for each category spend element requires up-to-date, detailed intelligence. Using last year's escalation rate can be a mistake in volatile markets, and broad measures such as the Consumer Price Index fail to capture the individual components that comprise category spend.IHS offers comprehensive forecast coverage that removes the headache from budget planning and accounts for your entire spend.

Products & Solutions

Pricing & Purchasing for the Automotive Industry

Achieve greater cost savings with a customized buying strategy.

What would a 10% reduction in spend mean for your company?

From category strategy and cost estimation to supplier negotiations and managing increasing costs, IHS Pricing and Purchasing helps players in the automotive industry solve procurement challenges tied to large revenue streams.

Recommended for the following industries: Automotive | Chemical | Energy | Technology

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Pricing & Purchasing for the Chemical Industry

Creating a competitive advantage by managing costs effectively.

Are you using the industry’s leading cost and sourcing insight to drive major business decisions?

Whether you are constructing a chemical plant or sourcing materials for manufacturing operations, IHS Pricing & Purchasing can help you optimize your procurement process.

Recommended for the following industries: Chemical | Energy

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Pricing & Purchasing for the Energy Industry

Buy smarter and drive bottom-line results.

In these times of market volatility and economic uncertainty, can your company afford not to have critical supply chain insights?

Turn to IHS Pricing & Purchasing for trusted forecasts and cost models covering key energy market costs and integral commodity inputs. For more than 40 years, our team has assisted the purchasing community with critical data, expert insight and proven forecasting models on the world’s energy markets and the key factors that drive them.

Recommended for the following industries: Chemical | Energy

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Pricing & Purchasing for the Food, Beverage, Consumer & Retail Industry

Negotiate and buy strategically with the right market insights.

What if the price you paid could have been even lower?

Whether you produce or distribute food, beverage, consumer or retail products, IHS Pricing & Purchasing can help you cut procurement costs. For more than 40 years, our team has assisted the purchasing community with critical cost and price models, expert insight and proven forecasts for global markets and the key factors that drive them.

Recommended for the following industries: Chemical | Energy | Food, Beverage, Consumer & Retail

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Pricing & Purchasing for the Manufacturing Industry

Make strategic sourcing decisions that contribute value to the bottom line.

Do you have visibility into your suppliers’ cost structures? Need a price outlook for your key inputs?

Turn to IHS Pricing & Purchasing for accurate price and wage forecasts and cost models across key commodity-producing countries. For more than 40 years, our team has assisted the purchasing community with critical data, expert insight and proven forecasting models on the world’s commodity markets and the key factors that drive them.

Recommended for the following industries: Automotive | Chemical | Energy | Food, Beverage, Consumer & Retail | Manufacturing | Technology

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Pricing & Purchasing for the Technology Industry

Achieve significant cost savings with a data-driven buying strategy.

Do you have the right global market insight to capitalize on pricing trends?

Designed for electronics manufacturers, this service provides forecasts and cost models for inputs used across the technology supply chain, including metals and wire, plastics, rare earths, and equipment.

Recommended for the following industries: Chemical | Energy | Technology

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Pricing & Purchasing for Agriculture

Negotiate prices effectively reduce supply chain costs and boost your bottom line.

Do you have reliable agricultural commodity price forecasts to underpin your sourcing decisions?

Turn to IHS Pricing & Purchasing for accurate forecasts of agricultural commodity prices, including crops, livestock, sweeteners, dairy as well as processed foods.

Recommended for the following industries: Food, Beverage, Consumer & Retail | Manufacturing

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Pricing & Purchasing for Labor

Drive strategic decisions with a full understanding of wage and productivity differentials.

Do your strategic manufacturing or sourcing plans factor in labor market conditions such as wage rates, labor supply and productivity?

Rely on IHS Pricing & Purchasing for accurate wage forecasts across more than 50 countries. For over 40 years, our team has assisted the purchasing community with critical data, expert insight and proven forecasting models on the world’s labor markets and the key factors that drive them.

Recommended for the following industries: Automotive | Chemical | Energy | Food, Beverage, Consumer & Retail | Manufacturing | Technology

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Pricing & Purchasing for Machine Equipment

Capture greater savings with proven price outlooks and cost insight.

How confident are you that your supplier quotes reflect recent changes to costs?
Do you systematically benchmark the prices you pay for machinery and equipment over time?

Look to IHS Pricing & Purchasing for accurate price forecasts and cost models across all major machinery types. Our service provides insights on key inputs, including steel, plastics, rubber, machine parts and electronic components.

Recommended for the following industries: Automotive | Chemical | Energy | Food, Beverage, Consumer & Retail | Manufacturing | Technology

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Pricing & Purchasing for Metals

Understand supplier cost structures, reduce costs and expand margins.

Do your supplier negotiations utilize the industry’s leading commodity price forecasts?

Turn to IHS for price forecasts covering ferrous and non-ferrous metals – including steel, copper, zinc, rare earths, precious metals, and more. Speak to our experts to understand how markets are rapidly changing, and what it means for you.

Recommended for the following industries: Automotive | Chemical | Energy | Food, Beverage, Consumer & Retail | Manufacturing | Technology

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Pricing & Purchasing for Paper

Arm yourself with the cost outlook for packaging inputs across paper, glass and plastic.

What if you had a strategic partner to help you reduce spend by up to 10%?

With the IHS Pricing & Purchasing team on your side, you get accurate price outlooks for all types of packaging as well as key input costs, including pulp, chemicals and glass.

Recommended for the following industries: Automotive | Energy | Food, Beverage, Consumer & Retail | Manufacturing | Technology

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