If you haven’t considered BuyMetrics yet, I have one more reason for you to check it out in 2024 – our new Commodity Analysis and Visualization Module. This new module will give BuyMetrics’ clients the power to control their own market analysis and measure their own performance. This means hands-on tools to engage deeply with their commodity shop/purchase data, as well as visualization tools for insight and the means to capture incremental profit.
If you’re hesitant to delve into new software, I can assure you that BuyMetrics makes it easy for non-technical users to dig deeply into their commodity data. Our interactive tools enable lumber and panels buyers to construct their own performance measures and track the results against internal and/or externally generated market measures. The software does the heavy lifting, cleaning and transforming raw data, presenting complex datasets in engaging visuals, empowering users to dynamically interact with the information, and automating the production of your most important measures.
Explore with confidence. BuyMetrics’ advanced analytics make it easy to discover and quantify relationships within the data, to observe market dynamics, spot trend shifts, identify outliers, and plug profit leak. You can compare your purchases to your vendors’ volume-weighted average price, the next-best quoted price, a pre-negotiated formula price, or a price reported by one or more price reporting services – and keep score. In fact, you can even figure out which vendors save you the most money, and under what conditions.
In our digitalized world, it’s important to remember that your shopping data embodies leading-edge market information. Commodity markets are notoriously volatile, but BuyMetrics’ new module and APIs make it easy to share your analysis/insight with authorized decision-makers across the company. For example, to improve lumber margin (realize enhanced ROI), you can share your carefully gleaned market data – timely and exclusive price information, market coverage, trends – with colleagues responsible for setting the company’s bid/sell prices.
At BuyMetrics, we understand every business has its own competitive environment, its own products/production mix, its own cost-of-goods. Since 2000, our proprietary Commodity Procurement Platform has automated and informed the purchase of lumber and other construction-related commodities for large and small manufacturers/re-manufacturers, distributors, and vertically-integrated big builders. So, when you’re looking for improved market visibility and greater control over your commodity procurement process, visit our website www.buymetrics.com, or reach out to us directly by phone 888-485-8623 or email info@buymetrics.com.
Valerie Hansen is the Founder and Chairman of BuyMetrics Inc. She is a 45-year industry veteran and the former owner/CEO of Custom Components Company, Racine, WI (sold 2008). From 2000–2019, she earned 21 U.S. patents for inventions in the technical areas of finance and data management. Privately serving industry-leading CMs since 2000, the BuyMetrics® commodity procurement platform automates and informs the purchase of lumber and other volatile commodities.