Negotiate and buy strategically with the right market insights.
What if the price you paid could have been even lower?
Whether you produce or distribute food, beverage, consumer or retail products, IHS Markit Pricing & Purchasing can help you cut procurement costs. For more than 40 years, our team has assisted the purchasing community with critical cost and price models, expert insight and proven forecasts for global markets and the key factors that drive them. Leverage our price forecasts for insight regarding your main input costs, including agricultural commodities, plastics, materials, wages and overhead – covering more than 1,500 concepts across 60 geographies.
Procurement officers, contracting professionals, and cost estimators leverage this service to:
- Obtain more accurate price estimates than broad inflation rates or historical trends
- Evaluate costs of production and supplier margins to negotiate smarter
- 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 data