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Pricing & Purchasing - Supply Management

Deliver cost savings, strategically manage spend, and drive procurement excellence

The Pricing & Purchasing service, a part of the Supply Management solution, delivers timely, accurate price forecasts and supplier cost analyses, helping you ensure consistency, increase visibility and maximize ROI from procurement spend. IHS can help you see where prices have been and where they are going with a database of thousands of price, wage and input cost forecasts and more than 500,000 historic data concepts. Learn from a roster of commodity experts and industry analysts that can help you to:

  • Meet and sustain cost savings targets
  • Manage price volatility for critical commodities
  • Foster agility to maintain profitability
  • Understand material input and supplier costs to improve negotiations
  • Transform procurement from reactive and tactical to proactive and strategic
  • Quantify material inputs and supplier costs to improve negotiations
  • Expand the expertise of your team with a proven team of industry experts
  • Manage price volatility for critical commodities

IHS Pricing & Purchasing brochure
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Customer case studies
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Customer Testimonials

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

“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

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

Forecast Accuracy

IHS is consistently rated one of the top economic forecasters and supply chain leaders today. Awards and accolades include:

Consensus Economics
Named #1 most accurate US, China, Australia, and Estonia forecasters, 2013

Spend Matters
Named Top Provider to Watch, 2014

Supply & Demand Chain Executive Magazine
Named Supply Chain Top 100 Providers, 2008-2014

Bloomberg Markets
Nariman Behravesh, Top-10 forecaster in 2009-2011

Dow Jones’ Market Watch
#1 Most Accurate Forecast for August, September 2011. Forecaster of the year, 2009.

Reuters
#2 forecaster in forex poll, 2009. #3 in a Reuters forex poll, 2008. Winner, Reuters forex poll, 2007

USA Today
#2 Ranking of Top Economic Forecasters, 2007

Why IHS?

  • Over 12,000+ active worldwide users
  • 40+ years of proven pricing experience and expertise
  • Objective 3rd party standard for cost/price benchmarking
  • Pricing analysis and insight for effective supply management
  • Access to 100,000+ historic prices, 4,000+ forecasts, costs, and wages

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