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Los Angeles-based company ProcurementIQ, a leading independent provider of procurement research and market intelligence, is rolling out a host of report enhancements on November 9, 2021.

Since the onset of the COVID-19 pandemic, businesses have faced increased challenges navigating and responding to rapidly changing economic conditions. The unprecedented events of the past 18 months have caused procurement teams to more urgently seek out real-time data and forward-looking insights to help pivot their sourcing strategies accordingly.

To help procurement teams react quickly to disruptions in any market, ProcurementIQ now offers dynamic reports that update when the news cycle updates. Subscribers will also find new tools for vendor management to help ensure their suppliers deliver timely, quality goods and services no matter the circumstances.

As a subscriber, you’ll have access to a range of report enhancements beyond those described above:

Buyer Power Score (BPS)

  • Buyer power timeseries data scores your negotiation leverage in the current year while also showing historical and forward-looking scores. Use this context to understand how negotiation conditions are changing.
  • A ‘buy now’ vs. ‘buy later’ indicator guides the timing of your purchase based on changes in negotiation conditions.
  • A more dynamic BPS methodology now factors the impacts of recent developments into the score. Learn more

Recent Developments

  • Near-real-time updates based on changes in the external market will provide you the timely insights you need. Learn more

At a Glance Sections & Key Takeaways

  • Summaries of key data points from each chapter are easy additions to your presentations and guide important conversations with internal stakeholders.

Environmental, Social and Governance (ESG) Trends

  • Market-level ESG scores and analysis show you how current suppliers in the market measure up on standards like energy efficiency, waste management, pay equality, anti-corruption, lobbying practices and more.

Vendor Management Tools

  • Key contract clauses help protect your business against undue harm by outlining fair conditions for contracts and incorporating best practices for structuring contracts in any market.
  • KPIs provide you with metrics to continually evaluate the performance of your suppliers to ensure you are receiving optimal product and service quality.
  • SLAs help you establish the most favorable contract conditions, even when there is little ability to negotiate on prices. Learn more

With the addition of this new content ProcurementIQ now covers all 4 key components to market intelligence for procurement: Price, Market, Supplier and Contract.

 

Not yet a subscriber? Download a sample report to see if our information is right for you or book a demo to experience the full range of features.

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