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.
Contact usHow 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?
Demonstrable Excellence in Commodity Price Forecasting
Category managers and procurement teams often have to contend with the challenges posed by rising price volatility and unforeseen external market forces. Enter our team of experts! Clients from various industries have capitalized on their engagement with us to avail invaluable commodity pricing trends and forecast analysis and ease their way through difficult and unpredictable market scenarios.
React Swiftly and Efficiently in an Ultra-dynamic Marketplace
Fluctuations in commodity markets can occur rapidly and without warning, leaving procurement teams scrambling to find solutions that will help protect their organization from significant supply chain disruptions or cost inefficiency. Our timely and transformative solutions will enable them to respond quickly and redress their strategies to stave off potentially perilous business outcomes.
Inspired Research Solutions Powered by Latest Technology
Our commodity price forecast solutions are fully customized to suit specific needs of clients and cover the spend categories that are of utmost importance to them, but more importantly, they are developed with the help of a platform that is built to deliver the highest level of forecast accuracy using self-learning models.
Effortless Real-time Price Monitoring
Besides providing dependable and actionable pricing insights to our clients, our platform design and solutions are also focused on easing the process of tracking commodity prices and trends across various geographies. This will enable category managers and procurement teams to quickly rethink their strategies and formulate appropriate corrective measures.
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.
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.
Contact usInsights
Category Intelligence
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Supplier Intelligence
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Strategy Support
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Category Cost and Pricing
Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.