What’s The Price

What’s The Price enables procurement- and supply chain teams to determine the true price of goods and services purchased at any given point in time. This results in improved visibility into cost drivers, greater savings and better priced products. It will take your negotiations to the next level.

The tool is extremely suitable for wholesalers and retailers, where purchasers have to manage a wide range of products.

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Speed to value

Speed to value

Just insert a few features and you will get an impression of the price of any product.

Fact-based

Fact-based

What's The Price is based on factual data, such as annual reports, commodity prices and currency exchange rates.

Insights

Insights

What's The Price gives you insight into more than 1400 commodity prices, 18 cost drivers of 364 industries in more than 60 countries, and follows the price developments within each industry.

The magic that drives the tool

At Buynamics we are buyers and not IT people. Based on our own extensive experience within procurement we have built a pragmatic tool which brings data based facts into negotiations. Want to know why?

Companies which use fact-based arguments save between 5% and 20% when compared to negotiating without evidence. The outcome of a What’s The Price simulation fits on a one-pager full of substantive information with which you can enter the negotiation full of confidence and authority.
The elements that make up the DNA of our tool is no short of magic. Discover the power of our data based should-cost software!

Databased negotiation insights

WTP gives access to the one-pager that your supplier never wanted to share. You are able to see it all: the cost price, the structure, the developments and the margin.

Insights into raw materials

Insights into raw materials

On average 50% of the price of a product is determined by the commodity prices. Often however, buyers don’t have enough time to find a good source to check the prices claimed by the supplier. Within WTP you quickly get an insight into the price developments of all important raw materials, like plastics, woods or metals. This reduces time to research raw materials pricing to a fraction of the category managers current effort, while simultaneously increasing negotiation authority with the supplier.

Cost structure per industry

Cost structure per industry

Each industry has a unique and specific set of cost drivers which are stored in the WTP database. Buyers can now use those cost drivers that have a large impact on the cost price of a product during negotiations.

The impact of volume

The impact of volume

When the purchase volume increases, fixed costs do not increase. It is time-consuming to calculate the effect of larger volumes on your buying price.The impact of volume is often underestimated. WTP calculates the impact of a volume increase for you. With this information you will enter negations well prepared and it will put you in a good position to save costs.

Should Costing

Should Costing

Should costing is a systematic way to analyse the cost structure of a product to make an estimated guess of its price. Normally this is done bottom up and takes considerable time to calculate. WTP uses big data to analyze this in only 5 minutes.

Complete reports

Complete reports

A complete report with a traditional should cost structure creates authority and trust in the negotiation. However, it also takes time. In WTP you can generate the supplier-ready 1-pager that you need to promote credibility and start conversations on facts in minutes. It allows you to re-focus your time on preparing for the negotiation.

Empower your business with

What’s The Price

Everything you need to get your negotations to the next level.

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