Spend Matters 50 to Watch – IHS

Following the launch of the Spend Matters 50 to Know and 50 to Watch, our US site and our colleagues there have started running through all the providers to give the reasoning behind their inclusion. These are brilliant short summaries of each company’s offerings, and will be of great value for many readers.

We are adding our comments about the firms; for some we may have little to add, but for others we can offer further value and insight. We will then give you the link to the US post for you to read in full if you wish.

And in the case of IHS  - no, nothing of great value to add. Not a business I personally know an awful lot about. However, having just spent a few minutes on its  website, it is being added to my list of key 'bookmarks.' Somewhat industry-specific, but clearly a very useful and interesting source of information and analysis. But let's just move onto our US site’s observations.

"IHS positions itself in the Analytics & Market Intelligence, Cost Management and Sourcing & Supplier Management categories in the Spend Matters Almanac. Still, from our perspective in the procurement marketplace, where IHS stands out is commodity and economic forecasting."

"It’s all but impossible to issue predictions accurately and consistently more than a few months out, let alone years. But for more standard forecasting efforts, IHS is at the top of our list of providers that have broad commodity coverage. Moreover, IHS wraps its forecasting services in software that allows users to break down elements of cost by commodity, region, and other variables."

Read the whole US piece here

 

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