ProcureWise actively tracks and reviews commodity markets that drive product pricing formulas. By doing this, we can mitigate large price swings and control the overall cost of goods. We accomplish this by:

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• Perform analyses to forecast commodity prices

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• Track and calculate the performance of strategies against actual pricing

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• Forecast commodity component of prices for all market-driven items

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• Combine data to create a forecast of pricing 

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• Track prices throughout the year to determine deviations from forecast to use for future buying opportunities

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• Direct distributors to forward buy up to 90-days inventory as a cost avoidance to increasing commodity prices

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• Follow relevant news sources on information about commodities