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FREMONT, CA: Before purchasing any product, be it raw material or a finished good, having a detailed view of its market price is vital. Keeping such a requirement in mind, Supply Dynamics, a provider of supply chain visibility software solutions, unveils Price Dynamics – a web-based secure service at no charge.
Pricedynamics.com is a gathering platform for metals buyers from dozens of industries who can privately and securely compare metals prices and evaluate all known sources of supply. The new service provides a clear understanding of correct market price of ferrous and nonferrous metals based on the actual price the other buyers have paid or been quoted while making similar purchases. Being connected to the directory of distributors, mills, and processors, it comprises vast information on raw material prices that helps buyers to compare the price offered to them with the prices paid by other buyers to secure optimum pricing and identify other supply sources.
“Much like an automobile sticker price, metal catalog 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,” says Trevor Stansbury, Founder and President, Supply Dynamics.
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