• Knowledge Base
home/Knowledge Base/FAQs/I don’t understand Competitiveness, how does this work?

I don’t understand Competitiveness, how does this work?

52 views 0

Written by Shawn Bradley
31 October 2023

Competitiveness ranking allows you to assess your performance at the commodity and overall Bill of Materials (BoM) level when compared to other real customers in our database. This then allows us to identify savings opportunities associated with these competitiveness levels.

Was this helpful?

Yes  No
Related Articles
  • How often does Lytica update pricing?
  • Does Lytica provide data sheets for the Alternatives that are provided in Price Estimator?
  • I don’t understand the different kinds of savings, what are they?
  • How is the Market Leading price determined?
  • Does Lytica have the volume points that were associated with the pricing that you provide?
  • How does Lytica manage NPI, Distribution or Broker pricing that customers may have given?
Popular Articles
  • How are the 5 dimensions in the Price Estimator Risk Score weighted?
  • Do you take volume into account for price predictions?
  • Where does Lytica get it’s information?
  • What is Spend Competitiveness?
  • Can I calculate my competitiveness without access to the Spend Benchmarking plugin?
KB Categories
  • FAQs
  • Terminology
  • Lyticology
  • SupplyLens™ Platform
  • Spend Benchmarking
  • Price Estimator
  • Data & Security
© 2022 Lytica Inc. All Rights Reserved. SupplyLens™ is a registered trademark.