Enabling Smarter Purchasing Decisions & Supply Chain Cost Savings

The IHS Pricing & Purchasing Service enables supply chain cost savings by providing timely, accurate cost and price analysis. Armed with a better understanding of suppliers’ cost structures and market dynamics, organizations can effectively negotiate prices, strategically time buys, and boost the bottom line.

With a database of more than 80,000 historic prices and thousands of price, wage and input cost forecasts, IHS offers more coverage than any other provider in the market. IHS has been providing forecasts of key commodity, labor, and input costs since 1970—helping define the purchasing advice industry.

With greater understanding of suppliers’ cost structures and market dynamics, clients can:

• Evaluate price quotes and augment negotiating power
• Build composite cost indexes
• Identify competitive suppliers
• Strategically time purchases
• Determine project validity, risks and long-term costs
• Better manage supplier relationships
• Quantify and benchmark procurement costs by business unit or product line