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Elevate Your IT Procurement

IT Price Benchmarking & Supplier Governance
withKnowledgeBus Logo

Expand the capabilities of the Probrand Procurement Platform further with KnowledgeBus. Adding advanced IT price benchmarking, supplier compliance tracking, and governance tools, it provides deeper insights and greater control over your IT procurement spend.

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KnowledgeBus IT Price Benchmarking Screen

What is IT Price Benchmarking
with Supplier Governance?

KnowledgeBus goes beyond simple price comparisons, providing robust IT Price Benchmarking and Supplier Governance tools that enable organisations to verify supplier pricing, track compliance with procurement standards, and govern purchasing.

This dual focus on cost transparency and governance makes KnowledgeBus ideal for teams aiming to optimise spend, build strategic supplier relationships, and maintain compliance with organisational and sector-specific requirements.

Key Benefits of KnowledgeBus

With KnowledgeBus, organisations can enhance IT procurement with robust features for price benchmarking, supplier governance, and spend control:

Accurate Price
Validation

Easily validate each price against live market benchmarks, ensuring your purchases are fair and competitive.

Improved Supplier Compliance

Track supplier adherence to contract terms, supporting better governance and reducing procurement risks.

Compliance with Sector Frameworks

Ensure that purchases align with industry or public sector frameworks, optimising compliance and minimising costs.

Streamlined Procurement Governance

Generate reports to support procurement governance, making it easier to enforce policies and manage budgets effectively.

Why Choose KnowledgeBus?

See how KnowledgeBus empowers your IT procurement strategy. This video highlights the key features that make KnowledgeBus a powerful tool for price benchmarking, supplier governance, and procurement control.

KnowledgeBus Explainer Video

How KnowledgeBus Works

Set Your Procurement Criteria

Customise KnowledgeBus to focus on preferred suppliers, specific product categories, and relevant industry frameworks.

Real-Time Price Tracking and Benchmarking

Monitor price fluctuations with automatic benchmarking against supplier prices to ensure fairness and transparency.

Price Spot
Checks

Conduct instant price spot checks to validate costs against live market data, enabling quick, informed purchasing decisions.

Supplier Compliance Monitoring

KnowledgeBus provides insights into supplier adherence to agreed terms, ensuring consistency with contracted margins and sector frameworks.

Detailed Reporting for Governance

Generate custom reports that highlight supplier performance, pricing trends, and compliance metrics, supporting strategic decision-making.

Strengthen Supplier Relationships

Use data to negotiate more effectively, verify contracted terms, and build strategic supplier partnerships.

Curious about how KnowledgeBus can enhance your procurement governance?

Book a demo to experience advanced IT price benchmarking
and supplier governance firsthand.

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Challenges in IT Procurement Spend Management

Procurement teams face a unique blend of challenges, especially when managing high-volume IT purchases. Key challenges include:

Limited Visibility into Supplier Margins

A lack of transparency into supplier mark-ups makes it challenging for buyers to confirm that pricing is fair and competitive across every purchase they make.

Complex Supplier Relationships and Compliance

Maintaining control requires suppliers to follow agreed pricing and frameworks, which can be challenging to manage without precise tools.

Challenges in Procurement Governance

Tracking purchases to confirm they meet organisational standards and frameworks is a time-consuming but critical task for procurement teams.

Time-Intensive Reporting and Oversight

Many standard tools don’t offer the depth needed for efficient reporting and governance, making strategic planning more complex.

How KnowledgeBus Solves These Challenges

KnowledgeBus addresses these common procurement challenges by combining powerful price benchmarking with governance tools:

Detailed Supplier Margin Analysis

Gain visibility into supplier mark-ups, helping you validate pricing and make cost-effective purchasing decisions.

Real-Time Price Benchmarking

Benchmark each transaction against current market rates to ensure fair, competitive pricing across suppliers.

Supplier Compliance Tracking

Track supplier adherence to agreed terms and frameworks, ensuring consistency and reducing procurement risks.

Governance Reporting Tools

Generate easy-to-read reports on compliance, pricing trends, and spend patterns, supporting informed decision-making.

Ready to solve these procurement challenges?

Learn more about KnowledgeBus to see how it can enhance your supplier governance and price benchmarking.
Book a Demo
IT Price Benchmarking Platform Acceditations

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