Service for monitoring raw materials costs: the association’s new agreement

In a context in which fluctuations in raw materials and energy costs lead to variables with great impact on corporate strategies, Confindustria Marmomacchine recently stipulated an agreement with PricePedia to give its member companies access at facilitated fees to services offering monthly monitoring of the prices of more than 400 commodities and semi-finished products that will give company executives and purchase managers objective and updated information on the raw materials that interest them. The service PricePedia offers consists of an annual (12-month) subscription that Confindustria Marmomacchine members can purchase at a 20% discount on the prices of the various types of subscription provided.

To check out service content, member companies can freely register at the PricePedia website and request a free 7-day trial to test the content and functionality of the site itself, or, free of commitment, contact the association’s secretarial office (diffusione@assomarmomacchine.com) for information about the service’s fees and means of access. It is also possible to get a demo illustrated by PricePedia managers for live verification of the service’s content and quality.

It is important to know that PricePedia monitoring utilizes numerous,  actual customs transactions to track the international prices of the more than 400 commodities censused, thus making it possible to: compare price trends for different commodities (benchmarks); examine the price spectrum for specific commodities (range); create composite price indexes by aggregating the prices of specific commodities (should cost); create future scenarios for specific commodities (forecasts); benefit from PricePedia forecasts.