Price Analysis is the simplest analysis that can be conducted to evaluate the trends of prices paid to suppliers. It is the preliminary analysis that needs to be performed before diving into a deeper understanding of cost elements that make up the price.
Key Objectives:
- Track Market Average price trends
- Analyze Price Competitiveness
- Evaluate Price Proposals
- Quantify cost savings
AIMDRIVE-AI leverages the power of AI to conduct comprehensive price analysis by enabling the following:
Market Average Price Movement:
Track Price Movement with easily accessible market average price trends for thousands of products and services and analyze percentage changes in price for desired time ranges.
Compare Against My Prices:
Leverage ANKLESARIA’s groundbreaking Competitive Advantage Measurement System (CAMS™) methodology to
- Compare trends of historical and current prices paid to suppliers against market average price trends.
- Assess competitiveness of prices paid to suppliers and quantify the advantage or disadvantage of the prices v/s the market.
- Evaluate competitiveness of price proposals submitted by suppliers.
BETA Price Forecast
Generate short-term directional price forecasts for thousands of Products and Services with the click of a single button.