Selected indexes
Navigate the expansive universe of market indexes with Prognos. With countless indexes available, selecting the ones that best represent your unique needs can be challenging. Selected Indexes simplify this process, helping you find, understand, and choose indexes relevant to your supplier base. We know how to select and use available indexes to give you the upper hand in your negotiations.
Advantages
The Prognos advantage
Prevent unfair price increases
With the data, insights, and indexes provided by Prognos, you are no longer at the mercy of your suppliers. You can confidently challenge and counter any proposed price increases, preventing suppliers from imposing unjustified price hikes.
Achieve cost reductions
Our service goes beyond preventing cost increases – it also helps you identify opportunities for cost reductions. When market trends downwards, our service equips you with the knowledge and data, whether to negotiate for lower prices or to prevent unjust price increases.
Gain access to relevant data
We believe in the power of informed decision-making. Prognos provides access to pertinent data, giving you a comprehensive overview of the market for when the prices rise and fall. This allows you to make strategic decisions, backed by concrete data.
Frequently asked questions
What is an index?
An index is a statistical measure that represents the value of a group of assets or a segment of a market. It’s often used as a benchmark to track the performance of financial markets, commodities, and various types of costs. Examples include stock market indexes like the S&P 500, commodities indexes that track the price of oil, gold or other resources, and cost indexes that represent wage trends or economic indicators.
How to select indexes?
- Identify your needs: Determine what you want to track or analyze. This could be the performance of a particular market, the cost of certain commodities, or economic indicators like inflation or unemployment rates.
- Research available indexes: There are countless indexes available, each with its own focus and methodology. Research which indexes align with your needs.
- Evaluate index construction: Look at how the index is constructed. What assets does it include? How does it weigh those assets? Understanding the methodology behind an index can give you insight into what it truly represents and whether it aligns with your needs.
- Consider historical performance: While past performance is not indicative of future results, it can give you a sense of an index’s volatility and how it has responded to different market conditions.
- Seek expert advice: Consulting with a financial advisor or a service like Prognos can help you navigate the vast array of indexes and select the ones that best fit your needs.
TESTIMONIALS
Loved by businesses and individuals across the globe
After our previous supplier wouldn't adjust their prices according to indications from our models from Prognos, we made the decision to look for a new supplier. The funny thing is that the new prices, after the sourcing project, were exactly in line with what Prognos models suggested. This saved us about 20% within this major category.
Get In Touch
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Erik Lehman
Business Developer, New Customer Contact