What’s The Price (Buynamics): Vendor Analysis Update — Cost management solution overview, competitors, tech selection tips, analyst summary

In this Spend Matters PRO Vendor Analysis, we give an update on What’s The Price (WTP), a solution built to quickly provide procurement professionals with insights into the costs and prices of any product or commodity.

When we covered WTP in 2019, we illustrated how factual insights into costs were critical for making the right buying decisions. Nothing has changed in that regard. In fact, post-pandemic business conditions make cost insights even more important and further highlight how relationships between buyers and suppliers can be the difference in tough times. In addition to providing cost insights, WTP can help improve a client’s relationship with its suppliers by serving as a starting point for discussions that use facts and identified trade-offs to find solutions instead of simply relying on pure purchasing power.

Here is why WTP matters:

• To the market — Few solutions on the market can match WTP’s ability to quickly provide accurate should-price estimates for raw materials, commodities or even complex products.
• To customers — WTP’s customers can quickly gain insights into prices and cost structures of the products they purchase, which would give them an edge in negotiations and sourcing initiatives.
• To potential buyers — WTP is a valuable solution to enhance an organization’s capabilities related to price intelligence and management. It may even be an interesting alternative to more complex and more costly PLMs for design-to-cost for purchased goods.

This Spend Matters PRO Vendor Analysis gives an overview of the vendor's capabilities, its competitors, provides tech selection tips and closes with key analyst takeaways.