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Commodity Coverage - 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 Pricing & Purchasing from IHS Markit 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. 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 machine equipment markets and the key factors that drive them. Find in-depth market analyses of prices, costs and margins to support your buying decisions worldwide.

Procurement officers and cost estimators leverage this service to:

  • Evaluate supplier price quotes based on an accurate view of input costs and market fundamentals
  • Obtain more accurate estimates of price change than broad inflation rates or historical trends
  • Monitor prices and pinpoint the best times to make key purchases
  • Negotiate contract escalation clauses
  • Benchmark purchasing performance
  • Prepare budgets and financial reviews based on accurate price forecasts

Director of Supply Chain Solutions, Katie Tamblin, discusses how to use cost analysis to achieve savings.

What's Included

Industry Analysis

Weekly Pricing Pulse – A snapshot of headline price indexes and historic price movements for key industrial materials indexes

Monthly Commodity Price Watch – Latest price pressures and factors driving key costs – energy, chemicals, and metals prices, including:

  • PowerPoint market trend analysis
  • Spreadsheet tables – Downloadable to Excel

Market Insights – Regular analysis of the pricing environment by sector and region, includes:

  • Segmented reviews of prices, supply and demand by industry and geography
  • Sourcing guidance on timing major commodity buys
  • Dynamic tables outlining market conditions – economic outlooks as well as market drivers
  • Analyst access to discuss latest market dynamics and price implications
Cost Analyzer

The Cost Analyzer – An online tool for performing customized cost analysis for a single buy or for your entire supply chain. With access to thousands of global prices and wages, you can:

  • Analyze specific material buys
  • Build composite cost indexes
  • Perform margin analysis on supplier industries
  • Check the competitiveness of a supplier's quote
  • Create and save customized business-unit or product-line reports, automatically updated with each new forecast
  • Analyze cost breakdowns for alloys and specialty materials
IHS Markit Connect®

Discover the power of CONNECT:

  • Customize the landing page to display relevant market reports, saved items and the most recent industry analysis
  • Easily navigate market reports, industry analysis, and publications to find the insights you need quickly
  • Leverage Cost Analyzer to search, select, and manipulate data across forecast and historical price series, production cost models and alloy cost models
  • Review the latest prices in our Material Price Table
  • Access in one click your saved workbooks, dashboards and charts
  • Enhance analysis through improved search, dynamic charting, easily accessible data
Forecast Horizon & Updates

Industry Success Stories


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