Benchmarking Overview Follow

Upon landing in the Benchmarking Tab, users can view their top Benchmarking opportunities for parts listed automatically in the table. As noted, Benchmark cost will only be available for parts with Benchmark Flag enabled.

The formula for calculating Benchmarking Opportunity is as follows:

$$(\text{MPN Cost} - \text{Benchmark Cost}) * \text{Demand} * \text{Split}$$

Users can select or search for specific part numbers from the dropdown list of values.

Users can download the template to upload their own parts for on-demand benchmarking.

The table contains headers for the following information:

1. Part Type:
   • Existing Part: This MPN exists in your spend data loaded on the LevaData Platform.
   • Prospective Part: This MPN has not previously been seen in your spend data on the LevaData Platform.
2. MPN: Manufacturing Part Number
3. Normalized Manufacturer: Name of the Manufacturer - Normalized for Our Platform
4. MPN Cost ($): Your current cost for the MPN.
5. LevaData Benchmark: The price target when comparing a customer's MPN price against the average discounted price that the community achieves compared to distribution pricing for the same MPN, or for a cluster of Form, Fit, and Function (FFF) MPNs.
6. Distributor Benchmark: LevaData’s Distributor Benchmark provides a reliable, MPN-specific price reference based on current, competitive prices from authorized distributors. It is designed to help commodity managers quickly evaluate whether their pricing is fair — and identify opportunities for spot buys or renegotiations.
7. Manufacturer Median Leadtime, Customer Median Leadtime, and Leadtime Difference
   • Measured in weeks, manufacturer lead times are measured against your lead times with a color-coded differential indicator if you have a better or worse lead time than the manufacturer median.
8. Part Status: whether the part is Active or Discontinued or N/A.
9. Date of Introduction: when the part was first manufactured.
10. Availability (YTEOL): Estimated number of years before the technology group to which the part belongs will become obsolete.
11. Estimated (YTEOL): Estimated years to end of life as of the IHS Smart Alert prediction date.
12. Avg Lead Time: Listed in Weeks by average duration for the part in question using customer-provided lead time.
13. Last Refresh Date: How recently this data has been updated by LevaData Platform.