Custom Part Intelligence analyzes your metal part spend and provides insights into price variance among different suppliers. This helps you to identify cost discrepancies which can prevent overpaying and inform a decision towards allocation shifting. Seeing spend data over time helps you to budget and forecast to make sure that your allocations for upcoming quarters are accurate.
Custom Spend Intelligence: Metals
Metals has been overhauled in a similar manner to Resins.
- Metals parts spend information is presented in a variety of charts and tables.
- There are dropdown menus to view other charts.
- Summary Metrics and Opportunities are highlighted in a similar way to Spend Awareness.
- Date Picker allows you to select the date range of analysis to review. Since you can upload new data with new dates anytime, it’s important to limit data in this view to the time range you want.
Metals Price Variance
When you look at Price Variance (sub-tab 2), you can (1) choose specific date range for analysis, (2) select a Metal Material Spec Thickness for analysis, and then (3) see the price differences and variance in what you are paying.
Further down the interface you can see the Price Variance Details sorted by Material Savings Opportunity. This should identify for you the exact specs at the exact date where you can realize the largest cost savings from your custom metal parts. Users can load additional metal custom part data any time and have the date stamped and included as part of this analysis.