Benchmarking for Sourcing Support

During an RFP process, vendor bids can vary by more than 20%. How do you know which vendor’s bid is right? Conduct a market-based benchmark to uncover price opportunities and gaps.

• Confirm price fairness prior to contract
• Determine which bidder is closest to market
• Know when vendors are "buying the business"
• Model the vendor´s price under various scenarios
• Prepare for renegotiation or rebid near end of term

Ensure your price is not too high, or too low. The "goldilocks" price – that´s just right – helps to create sustainable relationships. ProBenchmark provides the following services for sourcing support:

Self-Directed

Direct access to ProBenchmark´s online price modeling engine to help you understand market price while negotiating your agreement.

>> Online Market Assessment

Advisory & Project-Based Services

Cost-effective benchmarks designed to rapidly test market prices, individually configured in support of your specific scope and needs

Detailed evaluation of contractual performance including operational effectiveness, cultural alignment and price performance.

>> Market Reality Assessment

>> Snapshot Benchmark
>> Custom Benchmark