Time pressured buyers often struggle to balance budget and time-to-source, especially in a dynamic market where price and stock change rapidly and regularly.

Separately, buyers rarely operate with total assurance that their benchmark figures are genuine trade level. Buyers usually adopt a preferred supplier and use their price to benchmark other supplier prices.

We understand sell-side pains:

• Supply chain price reductions not passed on to buyer
• Fixed price and cost plus margins increasing over time without notification
• Time pressures allied to benchmarking and negotiation with suppliers
• Squeezing maximum value from budgets
• Accessing detailed catalogues of relevant products or services quickly
• Qualifying 'value' to finance for purchase sign-off

CIPS accredited technology from Mercato connects with your supply chain and aggregates rich data before populating the user friendly Benchmarking tool.

The Data Management engine that underpins the tool, currently processes over 200 million lines of global data every second in a highly volatile supply chain, demonstrating total scalability to any size or complexity of market.

Buyers simply input their preferred supplier product lists or spot checks online for an automated comparison to trade price and stock of product lines held within a supply chain.

Requisition functionality automates the Request For Quotation (RFQ) process with suppliers.

Product lists – Upload, develop, manipulate and interrogate product lists from numerous suppliers

Alerts – Price, stock and End of Life (EoL) movements associated with buyer product lists are automatically highlighted by email

Tracking – Plot and monitor the course of activity associated with price, stock, product, department or individual

Reporting – Generate reports on any aspect of the tools capability from prices to tracking charts

Forecasting – Identify price and stock trends and future cast them for educated buying

Audit – Deliver best practice auditability in procurement and sourcing.

As buying is not actually undertaken through Mercato Benchmarking, unless this functionality is required, purchasers have the market intelligence to consider trends and forecast price and stock changes without compromising existing contracts or supplier relationships.

Mercato Benchmarking is hosted and delivered through a web-portal 'on demand' and requires no skilled deployment, just a simple log-in password.

Training is offered but seldom demanded as the tool's intuitive look and feel immediately empowers users with a simple yet professional application.

Mercato ITelligence – Mercato Benchmarking applied to the IT vertical. An IT buyers tool that offers benchmarking with trade guide price and stock of over 150,000 products from more than 2,500 manufacturers in the UK IT supply chain. It is proven to regularly save up to 24% on IT purchases and over a day in procurement time.