Spend Benchmarking is an assessment that identifies the most outlying priced parts – meaning those furthest from your competitiveness level – as Target Savings. This exercise also shows savings and risk from your own BOM in the form of Arbitrage Savings, Duplication Savings, Single Source Risk and End of Life Risk. Within Target Savings, we don’t show every possible saving, but rather the parts where you stand to make the biggest savings.
In Price Estimator, we identify 3 different buckets of results – Priced & Matched, Matched but Insufficient and Unmatched. If you encounter Matched but Insufficient, we do recognize the parts, we just do not have enough unique price points to suggest a statistically significant price today. If you keep this part in your window over time, it may receive pricing updates and you can refresh pricing in the platform window. If your part is unmatched, we do not recognize that part number which may be indicative of dirty data. Check for erroneous characters, extra text strings or perhaps use the single part search bar to begin typing and find a similar part. If this happens on a large number of parts, reach out to your CS contact for additional tips.