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"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
Find price and cost analysis, forecasting and coverage by your commodity or industry.
|Pricing & Purchasing by Commodity||Pricing & Purchasing by Industry|
|Metals||Food, Beverage, Consumer & Retail|
|Paper & Packaging||Manufacturing|
|Global Sourcing||To 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 & Negotiation||In 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 Benchmarking||Negotiations 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 Measurement||Many 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 Planning||Assembling 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.|
While steel is already the most guarded U.S. product domestic buyers are becoming increasingly worried that additional protectionism will lead to shortages.
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