Step 09 · Historical Price, Benchmarking & Forecasting

Historical Price, Benchmarking & Forecasting Suite

Enter every negotiation with real market data — live benchmark intelligence, historical PO price analysis, and commodity forecasting, all in one place.

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Module capabilities

Everything included in Historical Price, Benchmarking & Forecasting

01Key capabilities

AI Benchmark Intelligence

Know the fair market price before a single bid comes in.

Benchmark Intelligence (AI) — market price benchmarking pulls in live external pricing data for a given item or category, giving buyers a fair-market reference point before a single supplier bid comes in.

Real-time Market Price APIs (AI) — live commodity and market price feeds come in through real-time APIs, and every quoted benchmark figure carries a source reference, so the number can be independently verified rather than taken on faith.

02Key capabilities

Bid & Historical Price Analysis

Compare what suppliers are quoting today against what the market — and your own history — says it should cost.

AI Powered Bid Analyzer (AI) — this compares supplier responses, whether structured templates or free-form documents, line by line, surfacing where one bid diverges from another on price or terms.

File-based Bid Comparison (AI) — bid files can simply be uploaded for comparison, with the system automatically flagging compliance gaps and commercial deviations between submissions, rather than requiring every bid to arrive in one rigid template first.

AI Powered Historical Price Analysis (AI) — AI mines the organisation's own historical purchase order data to extract price intelligence, what was actually paid for similar items in the past, giving negotiators internal history alongside external market benchmarks.

03Key capabilities

Commodity Forecasting & Trend Charts

Stay ahead of volatile categories instead of reacting to them.

Commodity Tracking / Forecasting (AI) — common volatile commodities like copper, nickel, and steel are tracked out of the box, and any additional commodity relevant to the organisation's spend can be added for the same ongoing tracking.

Historical Forecasting Charts (AI) — trend charts and forecasting dashboards project where commodity and category prices are headed based on historical and live data, helping category teams time a purchase or a contract renewal around expected price movement rather than reacting after the fact.

Why teams choose this module

Real-Time Market APIs

Live commodity and market price feeds, cited back to their source.

AI Bid Analyzer

Structured and unstructured bid comparison with deviation analysis.

Forecasting Charts

Trend charts covering copper, nickel, steel, and any custom commodity you track.

Got questions

Frequently asked about Historical Price, Benchmarking & Forecasting

Where does the real-time market price data come from?

Live commodity and market price feeds are pulled from external market data APIs, and every benchmark figure carries a source reference so your team can verify it independently before using it in negotiation.

Can the bid analyzer compare bids that aren't in a standard template?

Yes. The AI bid analyzer handles both structured (templated) and unstructured supplier bid documents, extracting line items and pricing for a like-for-like comparison, including compliance and commercial deviation flags.

Which commodities can we track and forecast?

Common commodities like copper, nickel, and steel are supported out of the box, and you can add any custom commodity relevant to your category spend for ongoing tracking and trend forecasting.

Connected modules

Works best alongside

Ready to deploy

Automate your Historical Price, Benchmarking & Forecasting

Cut cycle times, eliminate manual errors, and unlock procurement efficiency — fully integrated into your existing infrastructure.

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