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Project Cost Management Software
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- What's The PriceBy WTP Buynamics B.V.What's The Price (WTP) is a specialized procurement intelligence platform designed to empower buyers with data-driven 'should-cost' analysis. Developed by former Chief Procurement Officers (CPOs), the tool addresses the information asymmetry often found in supplier negotiations by providing transparency into the actual cost structures of products. It leverages a massive big data engine to break down prices into core components, including over 3,000 raw materials, labor, energy, overhead, and freight costs across 365 distinct industries. The platform allows procurement teams to generate detailed cost breakdowns and 'should-cost' models within minutes rather than weeks. By simulating the impact of price fluctuations in raw materials and measuring the influence of volume on unit pricing through its unique 'discount ladder' feature, WTP enables buyers to move from subjective bargaining to fact-based negotiation. This results in more balanced supplier relationships and significant cost savings, particularly during periods of high commodity volatility or when evaluating complex global tenders.4.1(20)
