Benchmarks update as pricebooks and awards land, so negotiation positions are set against current data, not last cycle’s reference file.
Benchmarks rebuilt by hand are stale before the next tender starts, so negotiators walk in without evidence the number on the table is competitive.
dmp updates category pricing continuously as awards land, and tracks savings back to the negotiation that produced them.
Benchmark thousands of items in minutes rather than researching individual parts by hand. Exact-match materials frequently reveal price gaps that a manual spend analysis would take weeks to surface.
For Category Managers and procurement analytics teamsSemantic search simultaneously scans internal material masters, vendor marketplaces, and live external market data, so a renewal negotiation is never based on the supplier's quoted price alone.
For Sourcing specialists and Category ManagersGoes beyond exact SKU matches to find functionally equivalent items with similar technical specifications, breaking a supplier's monopoly on a discontinued or proprietary part number.
For MRO engineers and sourcing specialistsAn always-on monitor flags the moment a locked contract rate drifts from a declining market trend, so renegotiation gets triggered before the enterprise absorbs the difference.
For Category Managers and CPOsBenchmarking sits underneath sourcing and evaluation, and every awarded price feeds back into the benchmark it was measured against.
Both. Market & Historical Discovery scans internal material masters, vendor marketplaces, and live external market data simultaneously, so a comparison is never limited to your own award history alone.
Continuously, as pricebooks and awards land in the registry — not on a quarterly refresh cycle.
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A 15-minute walkthrough against a live category: current records in, benchmark and evaluation out.
Your records, not a sandbox.
