Transforming the way procurement organizations make their raw material purchasing decisions
If you belong to a procurement organization that is exposed to raw material price changes, you need a service that places actionable raw material pricing data at your fingertips. That service is materialx® Decision Support.
materialx Decision Support addresses the challenges expressed by numerous procurement and supply chain organizations across multiple industries
Relying on suppliers to obtain raw material market data
Using multiple spreadsheets to keep track of purchasing decisions and having to update them over time
Spending too much time turning data into actionable information
materialx Decision Support enables you to
Access market data from multiple leading providers
Generate forecasts instantly from market data and track them over time
Simulate future purchases and what-if scenarios with just a few clicks
Capture organizational knowledge and guidelines regarding purchasing processes and strategies
Retain snapshots of decisions and the data that supported them for easy analysis and best practice building
Confidently answer questions like “when did we know about this?” or “why did we make this decision?”
Efficiently invite and collaborate with all relevant stakeholders using state-of-the-art communication and visualization tools
The Service for Supply Chain Professionals
materialx Decision Support simplifies many actions that you take on a daily basis. Decision Support was built based on inputs from many supply chain professionals in various industries. It was designed to generate value to you immediately.
With your subscription, you’ll be joining a community of supply chain professionals that are shaping the future of interacting with pricing data towards making informed and collaborative decisions. We’ll continue adding capabilities and data sources based on your needs. We look forward to working with you as you implement Decision Support to benefit your organization.
Available Data Sources
The service includes access to exchange pricing data of commonly used industrial materials with regularly available pricing from the following sources:
| Name | Description | Data Definition |
|---|---|---|
| CBOT | Chicago Board of Trade – Commodity exchange primarily offering futures and options on agriculture products, supports a wide array of grains, oilseeds, biofuels, fertilizers. Part of the CME Group. |
Actively traded products – intraday pricing delayed up to 15 minutes. End of day settlement prices. |
| CME | Chicago Mercantile Exchange - Global derivatives marketplace for futures and options including commodity sectors of agriculture, livestock, dairy, lumber, softs, and oilseeds. Part of the CME Group. |
Actively traded products – intraday pricing delayed up to 15 minutes. End of day settlement prices. |
| COMEX | Commodity Exchange – The primary futures and options market for trading metals such as gold, silver, copper, and aluminum, as well as other base, ferrous, precious, battery metals. Part of the CME Group. |
Actively traded products – intraday pricing delayed up to 15 minutes. End of day settlement prices. |
| CZCE | Zhengzhou Commodity Exchange – A Chinese regulated commodities exchange, specializes in agricultural and chemical product futures. Covering crucial fields of national economy including agriculture, energy, chemicals, textile, construction materials and metallurgical industries. | End of last day prices. |
| ICE-EU | ICE Futures EU – Global marketplace for futures contracts including commodity sectors of crude oil, natural gas, coal, soft commodities, emissions and coal. Part of the Intercontinental Exchange. | End of last day prices. |
| ICE-US | ICE Futures US – Diverse range of futures contracts including benchmarks in globally traded soft commodities, North American natural gas and power. Part of the Intercontinental Exchange. | End of last day prices. |
| LME | London Metals Exchange – World center for industrial metals trading. Facilitates trading in futures and options for ferrous, non-ferrous, precious, EV metals. | End of last day prices. |
| NYMEX | New York Mercantile Exchange – World’s largest physical commodity exchange, featuring a wide variety of futures for crude oil, natural gas, refined products, petrochemicals, freights, emissions, electricity, biofuels, coal products. Part of the CME Group. |
Actively traded products – intraday pricing delayed up to 15 minutes. End of day settlement prices. |
| SHFE | Shanghai Futures Exchange – A Chinese regulated commodities exchange, facilitates trading in a complete nonferrous metals product range for physical industries, ferrous metals, precious metals, and a variety of energy and chemical products. | End of last day prices. |
