Databases: ProcurementIQ

ProcurementIQ

Procurement research reports cover a multitude of indirect purchasing lines. These detailed reports, ranging from 15-20 pages, cover product/service pricing dynamics, product characteristics that affect the purchasing decision, supplier benchmarking and supply chain risks, and negotiation questions and tactics. The reports get updated 1-3 times a year, and for some, depending on the industry, 6-7 times a year. The coverage is quite comprehensive with an impressive amount of purchasing lines being represented. The first part of a report, "At a Glance," provides the recent price, forecast price, market characteristics, market risk, benchmark price, key price drivers, major vendors, vendor cost benchmarks and the Buyer Power Score.