Prove your procurement savings are real
Benchmark supplier prices against a disclosed market source, negotiate with a full round-by-round history, and capture realized savings straight from your confirmed purchase orders — all in one Odoo app.
The problem
Procurement teams negotiate savings in spreadsheets, then spend weeks at budget time reconciling what was promised against what actually landed in the P&L. Market benchmarks are rarely documented, current supplier prices are hand-typed, and nothing links a reported saving back to an actual purchase order — so finance has no reason to trust the number.
The solution
Procurement Savings & Supplier Price Benchmarking puts benchmarking, negotiation, and savings tracking in one module. Benchmark prices carry a disclosed source and date, current prices can be pulled straight from confirmed purchase orders, and every initiative tracks negotiated, implemented, and annualized savings side by side — so what you report is what you can defend.
Everything procurement needs in one module
Every capability below is implemented in the module.
Three-dimensional savings
Track negotiated, implemented, and annualized run-rate savings on every initiative, so paper savings and savings that actually landed never get confused.
Realization & variance alerts
Realization rate and variance amount are computed automatically, with a clear alert the moment implemented savings fall below what was negotiated.
Disclosed market benchmarks
Compare current supplier price against a market benchmark that always carries a documented source and a last-updated date, not a silent number.
Savings-opportunity ranking
Benchmarks sort worst-variance-first and compute the savings opportunity — the market price gap times annual volume — so you negotiate the biggest wins first.
Auto-capture from purchase orders
One click pulls a weighted-average current price and realized savings straight from your confirmed purchase orders, falling back to the vendor's price list when there is no purchase history yet.
Negotiation-round tracking
Log every RFQ, call, and meeting as a negotiation round with the offered price and the supplier's counteroffer, so the full back-and-forth stays on the initiative.
Price-divergence & YoY alerts
A daily automated check schedules a review activity for the benchmark owner the moment a price drifts more than 10% above market or jumps more than 5% year-over-year.
Contract renewal reminders
A second automated check schedules a to-do activity 90 days before a benchmark's contract renewal date, so renegotiation starts before the contract auto-renews on unfavorable terms.
Targets & ROI tracking
Define a percent-reduction or absolute price target, see the computed target price automatically, and track the benefit-cost ratio against the cost of running the initiative.
How it works
Benchmark the price
Record a supplier's current price against a documented market benchmark; the app flags any gap over 10% automatically.
Open a savings initiative
Create an initiative straight from the benchmark, with an owner, a review deadline, and a negotiation target already in place.
Negotiate & track rounds
Log RFQs, counteroffers, and calls as negotiation rounds while the initiative moves from draft through to approved.
Capture realized savings
Pull actual prices from confirmed purchase orders to see negotiated, implemented, and annualized savings side by side.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
You enter it (or import it) yourself, together with a source label and a last-updated date, so every benchmark is disclosed and dated rather than a mystery number.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Procurement Savings & Supplier Price Benchmarking
Savings initiatives with disclosed market benchmarks, negotiation rounds and opportunity ranking — with realized savings captured straight from confirmed purchase orders.
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