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. For more than 40 years, our team has assisted purchasing and cost estimation professionals with critical data, expert insight and proven forecasting models. Rely on our detailed industry analysis, custom cost tools and commodity price forecasts to support your capital investments worldwide.
Cost estimators, contracting professionals, and procurement officers leverage this service to:
- Analyze capital project costs up to 10 years in the future
- Monitor prices and pinpoint the best times to make key purchases
- Negotiate contract escalation clauses
- Track prices to evaluate purchasing performance
- Compare multiple capital investment scenarios and cost-reduction strategies