What's The Price logo

What's The Price

by Buynamics · Since 2014
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ActiveAvailable globallyCloud
Quick facts
VendorBuynamics
Year launched2014
StatusActive
LocationParallelweg 27 5223 AL 's-Hertogenbosch, The Netherlands
Countries servedGlobal
Languages2
Integrations
Free tier
Free trial
Contact salesYES

About What's The Price

"What's The Price is a data analysis software from Buynamics that provides buyers with cost insights to reveal the real price, make informed decisions, and strengthen negotiations. It combines eyes on the cost, trusted by industry leaders and SMEs worldwide, and powered by procurement experts to help users gain a comprehensive understanding of pricing structures. Additionally, it offers resources and insights to support the decision-making process. Users can access critical data to improve their negotiation power and drive better purchasing outcomes. Key capabilities: cost analysis procurement insights data-driven decision making industry benchmarking negotiation support Best for: procurement professionals that need accurate pricing data to inform purchasing strategies.

What's The Price by Buynamics is a powerful big data software solution designed to help businesses make informed decisions regarding their pricing strategies. The platform is primarily aimed at procurement managers, pricing analysts, and supply chain professionals who require real-time data to optimize their pricing processes. It leverages advanced data analytics and AI-driven insights to provide organizations with actionable intelligence that can improve sourcing decisions, identify cost-saving opportunities, and enhance profitability. By analyzing large datasets from various sources, What's The Price helps businesses track market trends, supplier performance, and pricing benchmarks, ultimately enabling them to stay competitive in their respective markets. The user interface of What's The Price is designed with simplicity and functionality in mind. The platform offers a clean, web-based interface that is intuitive and easy to navigate, even for users who may not have a strong technical background. Key features and functionalities are easily accessible through a well-organized dashboard, which presents data in a clear and digestible format. The platform’s visualizations and reports are designed to be easily interpreted, allowing users to gain insights quickly.

Pros & Cons

What users like
  • +Real-time Price Tracking: Monitors commodity prices to inform purchasing decisions.
  • +Detailed Cost Breakdowns: Provides granular insights into product costs.
  • +Industry Benchmarking: Compares product costs across industries.
  • +Negotiation Support: Empowers users with data-driven insights for effective negotiations.
  • +User-Friendly Interface: Offers an intuitive interface for easy navigation.
What users flag
  • Steep Learning Curve: Requires some initial learning and training to fully utilize the platform.
  • Limited Customization Options: May lack customization options for specific industry needs.
  • Data Accuracy and Timeliness: Relies on accurate and timely data, which can sometimes be a challenge.

Features

Key features

Cost Breakdown Analysis
Provides detailed breakdowns of product costs, including materials, labor, and overhead.
Commodity Price Tracking
Tracks real-time commodity prices to inform purchasing decisions.
Industry Benchmarking
Compares product costs across industries to identify opportunities for savings.
Negotiation Support
Provides data-driven insights to support effective negotiations with suppliers.
Supplier Relationship Management
Helps build strong relationships with suppliers through data-driven insights.

Additional features

Detailed Cost Breakdown
Provides a granular breakdown of product costs, including direct materials, direct labor, manufacturing overhead, general and administrative expenses, and profit margin.
Real-time Commodity Price Tracking
Monitors commodity prices for key materials to identify potential cost fluctuations.
Industry Benchmarking
Compares product costs across industries to identify best practices and potential cost savings.
Negotiation Support Tools
Provides tools and templates to help prepare for and conduct effective negotiations.
Supplier Relationship Management
Helps build strong relationships with suppliers through data-driven insights and collaboration.
User-friendly Interface
Offers a user-friendly interface for easy navigation and data analysis.
Customizable Reports
Generates customizable reports to meet specific business needs.
Data Security and Privacy
Ensures data security and privacy with advanced security measures.
Expert Support
Provides expert support and guidance to help users maximize the value of the platform.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
2
Interface languages
11
Billing currencies

Interface languages

EnglishDutch

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇲🇽MXN

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