Keep an Eye on Costs with Price Predictions

Costs: what, when, and how much?

For optimal planning, prices need to be reliably forecasted in the medium and long term. The goal is to quickly identify trend reversals, as even small price increases and decreases, for example in the purchase of raw materials, create significant cost-saving potential. How will prices develop in the future?

Solution: scenario analysis for simulating price developments

Depending on the specific question, related influencing factors are identified and, with this knowledge, forecasts are generated for the coming months. A scenario analysis enables the simulation of price developments over a longer-term horizon, systematically considering dependencies between prices and influencing factors. Expected, best, and worst-case scenarios can be derived.

Benefits: cost optimization through early detection of actionable opportunities

  • Better basis for price negotiations
  • Objective second opinion
  • Cost optimization
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