Procurement and sourcing
Expana meets all your procurement and sourcing data needs in one central hub. Adapt to market trends, negotiate with confidence and manage costs.
One single platform to streamline your world
Access information on hundreds of commodities and multiple product lines on one platform for procurement and sourcing professionals. Expana helps you to reduce the time spent collecting and analyzing commodity price data.
- Intuitive, user-friendly platform makes it quick and easy to find the data you need
- Map out longer-term costs with our advanced forecasting tools
- Data to help guide towards more strategic decision-making
Negotiate with absolute confidence
Does having the best possible data matter to you? Our platform gives procurement and sourcing professionals the rich understanding of market prices that you need to negotiate with conviction and confidence.
- Identify renegotiation opportunities that capitalize on market fluctuations.
- Instant views on hundreds of raw material prices and key price drivers.
- Ready-to-go negotiation packs (also available on mobile)
Maximize margins and gain an edge on the competition
Stay ahead of key market trends, anticipate customer expectations, and better navigate challenges with Expana’s independently verified price benchmark data, forecasts, and cost modeling tools.- Access transparent, impartial data you can rely on
- Respond faster with price change alerts for raw materials in your portfolio
- Refer to a reliable, unbiased source for smoother, data-backed negotiations
Develop your plan of action with Expana
Discover why thousands of organizations around the world trust Expana’s market intelligence to help them achieve their procurement and sourcing goals.
Tim Davies
Head of Procurement Development, Associated British Foods
FAQs
How often and when do Expana benchmark prices get published?
Expana Benchmark Prices get published on a twice daily, daily, twice weekly, weekly and monthly basis depending on the liquidity of the assessed markets.
The assessment will be available on our Expana Analytics platform the following day.
How are Expana benchmark prices used?
Buyers, sellers, traders and distributors use Expana Benchmark Prices as the basis for contract negotiations and as Benchmarks in contracts, as well as for risk management purposes.
Example: Company A purchases Vanilla Gourmet Grade FOB Madagascar from company B and pays company B on the basis of the NewCo Benchmark Price for Vanilla Gourmet Grade FOB Madagascar. As the NewCo Benchmark Price is an independent and trustworthy assessment of the vanilla market both the seller and the buyer know that the price they pay/receive is fair and reflective of the current market condition. The EBP levels the playing field and gives every market player easy access to reference price preventing them from overpaying or being underpaid. Sometimes the buyer and seller may also want to agree on a differential to the EBP for example because the quantity bought is much larger than the quantity outlined in the vanilla specifications which are freely available on our website. In this example the contract may read ‘Company A will buy Gourmet Grade Vanilla FOB Madagascar of Company B at EBP minus $x/kg.
How does Expana achieve an independent perspective on market prices?
Expana is not involved in buying or selling commodities, and as such Expana does not benefit regardless of whether market prices go up or down. Therefore, Expana has no incentive to make assessments that do not reflect the true value of the market.
Expana confirms the price points it receives with sellers, buyers, and traders to give all sides of the market a chance to comment on price behaviour. Expana makes its data points available for review upon request and encourages people to contact us if they disagree with a price assessment.
Who participates in the Expana benchmark price process?
As part of the price discovery process Expana market reporters will reach out to industry participants on a daily basis to collect price trends and market movements. People contacted by our team are buyers, sellers, traders, brokers and anyone else with relevant market information.
Expana welcomes price inputs from any industry participant that has relevant, non-speculative, information. Anyone wishing to participate in the EBP process can email us at [email protected].
How does Expana assess the Expana benchmark prices?
Specially trained and experienced market reporters engage with the industry every day to identify price and demand/supply movements. Our market reporters speak to a wide range of industry participants ensuring a balanced discussion with the buy and sell side of the market. Price points obtained are cross checked to ensure validity.
Can Expana’s services be integrated with other systems or software?
Yes, Expana offers integration options with other systems and software through APIs (Application Programming Interfaces), enabling seamless access to its data and insights within existing workflows.
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Get access to accurate, reliable commodity price data to stay ahead of market trends, transform procurement strategies, and enter price negotiations with confidence.