Commodity Price Trends and Outlook

Empower your procurement teams with methodical insights into commodity price trends and outlook for direct categories to help them improve their planning and decision-making.

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How your business benefits

Keep track of price fluctuations

  • Continuously monitor price changes for a vast array of commodities
  • Effectively distinguish between high-risk and low-risk commodities
  • Make cost-sensitive procurement decisions based on accurate pricing insights

Plan your budget with absolute confidence

  • Equip category managers with valuable intel on commodity price trends and fluctuations
  • Get price forecasts for both short and long timeframes – weekly, monthly, quarterly, or even 6 and 12-month timeframes
  • Focus your attention on highly volatile direct spend categories

Improve forecast accuracy with historical pricing trends and insights

  • Evaluate historical price trends for each commodity that’s key to your business
  • Analyze the effect of downstream and feedstock variables on commodity pricing
  • Combine univariate and multivariate models for accurate price forecasts

Employ price hedging as a risk mitigation tool

  • Optimize spending and minimize exposure to price risk
  • Definitively reduce the odds of supply chain disruptions
  • Achieve significant cost and time savings by locking in prices

Apply ML and AI-enabled forecasting frameworks

  • Adjust model configurations for commodities based on region, specifications, and grade
  • Unlock the potential of deep learning models for better pattern recognition

Why choose SpendEdge?

Featured Case Study

How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process

Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.

Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.

Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.

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Talk to One of Our Experts

Coping with risks related to commodity price fluctuations can be arduous for organizations, but this task can be made largely hassle-free with accurate and detailed price trend analysis and forecasts.

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