Web-based service provides visibility for raw materials price comparison.
Supply Dynamics LLC, a provider of innovative supply chain visibility software solutions, has announced the launch of Price Dynamics™ (www.pricedynamics.com). Price Dynamics harnesses the power of the crowd to help anyone purchasing industrial metals to understand true market price for many common ferrous and non ferrous metals. With Price Dynamics, true market pricing is based on what actual buyers have paid or been quoted while making similar purchases.
Coupled with access to a directory of distributors, mills, and processors, Price Dynamics is a one-stop-shop for determining how your raw material prices stack up to the prices paid by other buyers and for identifying alternative sources of supply. This web-based service is secure, anonymous, and provides a basic level of benchmarking information at no charge.
“Much like an automobile sticker price, metal catalogue prices are subject to a number of variables and are not necessarily a good measure of fair market price. Price Dynamics is based on the premise that a community of actual buyers, and not the sellers, is the best way to gauge actual market price. Pricedynamics.com is a gathering place where hundreds of metals buyers from dozens of industries can privately and securely compare metals prices and evaluate all known sources of supply. Armed with reliable statistics about what others are paying for the same raw material allows buyers to confidently and consistently secure optimum pricing,” said Trevor Stansbury, Founder and President of Supply Dynamics.
For further details visit www.pricedynamics.com