Is a Valuable Pricing Tool

ProPurchaser’s tagline is “Marketplace Intelligence for Successful Negotiations,” which is a perfect description for this product. This is a valuable pricing tool that allows you to follow transaction-price histories for hundreds of commodities across North America, Europe and China and build pricing models that help you prepare for negotiations with suppliers. To find a commodity chart, you first choose a location and then select one of these categories: chemicals, currencies, electricity, energy, fiber/textures/rubber, food, metals, paper, plastic scrap, wood and wood products, Canadian and American economic stats, London Metal Exchange inventories, indexes/transportation/mfg, Bureau of Labor Statistics, or rare earths. After you select your category, you next select the commodity. The full chart view, as opposed to the quick chart view, is important because this is where you can “crunch numbers” and look at historical data. You can compare as many commodities as you wish. The pricing model that you can create, will indicate the actual percentage of a commodity price increase or decrease and if the percentage is reasonable. Also available are forecasting and budgeting tools. You can automatically receive updated reports on the commodities that you choose to follow. The clutter-free interface is simple and easy to use, along with the tools that allow you to change, save and email the data.

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