What's The Price

RATING:

4.1

(9)
Overview

About What's The Price

What’s The Price (WTP) is a tool designed to offer insights into product cost structures. It provides real-time data on over 3,000 raw materials, covering 365 industries across 160 countries. Utilising the potential of big data, WTP simplifies the product cost analysis process. It addresses the traditional challenges of should-costing, which often requires extended periods, by offering a method that can be completed in approximately 5 minutes. WTP presents data on the price trends of essential raw materials, including plastics, woods, and metals. This information is particularly useful for category managers, as it reduces the time typically spent on researching raw material pricing, facilitating a more informed approach during supplier interactions. Each industry has...

What's The Price Pricing

Based on annual spend

Starting price: 

$20,000.00 per year

Free trial: 

Available

Free version: 

Not Available

Insights into raw materials
Slide 1 of 5

What's The Price Reviews

Overall Rating

4.1

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4.5

Value for money

4

Functionality

4

Most Helpful Reviews for What's The Price

9 Reviews

Marcel

Wholesale, 201-500 employees

Used monthly for less than 12 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed June 2022

Great tool for monitoring price developments

It gives clear more objective insight information about the costs structure of products. It helps in negotiations on both purchasing and sales side. It deepens the relationship with suppliers and and shows the effectiveness of organisations.

PROS

It gives quick and reliable information on the price developments of all major raw materials and the impact of it on the products purchased. No need to consult various sources, everything available in one system and easy to present.

CONS

Starting upon with the system requires very indepth knowledge about the structure of the products. Costs for special treatments, finishes or licenses of products can not be calculated by the software and must be estimated separately.

Vendor Response

Hi Marcel, Thanks for leaving such a positive review! And really helpful to know what challenges remain even when using WTP. This allows us to optimize our support.

Replied June 2022

Chris

Wholesale, 51-200 employees

Used weekly for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed March 2023

Gebruiksvriendelijke tool voor tracken grondstofprijzen

PROS

Enorme diversiteit aan grondstoffen en commodities die gevolgd worden.Zeer gebruiksvriendelijk en dus gemakkelijk om snel inzichtelijk te krijgen hoe grondstofprijzen bewegen.

CONS

Slechts 1x per maand een update van prijzen van grondstoffen.Op bepaalde grondstof categorieën (hout) beperktere keuze aan te volgen commodities.

Vendor Response

Hi Chris, thanks for your positive and honest review. Great to hear that you like the usability of WTP. We're always trying to expand the amount of commodity data to satisfy the need of all our customers. We're working hard on this.

Replied March 2023

User Profile

Ron

Verified reviewer

Civil Engineering, 5,001-10,000 employees

Used weekly for less than 12 months

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

3

FUNCTIONALITY

3

Reviewed June 2022

still things to learn

for what i know , so far so good but i want to learn more

PROS

comparable charts in one graphic. Good to see the % in one page

CONS

I miss a lot of products in my field of work

Vendor Response

Hi Ron, Thanks for your review. Happy to hear that you want to learn more. We're constantly expanding our dataset and the functionalities within WTP. We hope to be of even better use in the (near) future!

Replied June 2022

Valerio

Wholesale, 1,001-5,000 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2023

WTP - The expert on my side

In general very positive. It is becoming a MUST before negotiations and really I do not know how people could handle negotiations based on facts without similar tools.

PROS

User friendly, quick and customized reports

CONS

Selecting the right industry not always easy. Maybe the selection could be also made the other way around, entering supplier parameters (Direct material, Direct labour, cost overhead, etc.) getting industry options out of that.

Vendor Response

Hi Valerio, Thank you for your review and constructive feedback. We will take it into our discussions about further development! Best regards, The Buynamics team

Replied February 2023

Erwin

Wholesale, 51-200 employees

Used weekly for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2023

Perfecte ondersteuning voor fact based onderhandelen

What's the Price is DE tool om fact based te onderhandelen. De implementatie ging soepel en er is veel kennis van zaken. Daarnaast is het bedrijf zeer flexibel met het toevoegen van grondstoffen. Ik kan WTP van harte aanbevelen.

PROS

What's the Price helpt mij enorm bij het fact based onderhandelen van onze producten bij leveranciers.

CONS

ik ondervind geen nadelen bij het gebruik

Vendor Response

Thanks for the very kind review, Erwin! We are thrilled that your experience with WTP is this positive. Hopefully, we'll keep supporting your negotiations this well in the future.

Replied March 2023

Gijs Bert

Building Materials, 1,001-5,000 employees

Used weekly for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed June 2022

Feedback

PROS

Integrating this software to our business was fine! It provides a lot of information about the past. Not that much at the currrent situation.

CONS

For me it's important that I can calculate with the data. Now I have to manualy take over all the numbers. A way to export these grafics would be a big help!! Beside that, q quicker update of grafics of commodity charts will absolutely neccesary in my negotiations.

Vendor Response

Hi Gijs-Bert, Thanks for leaving a review. Glad to hear you are so positive about our software and our service. I'll pass the improvements and suggestions on to Guido for further consideration!

Replied June 2022

Michiel

Shipbuilding, 51-200 employees

Used monthly for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

3

FUNCTIONALITY

4

Reviewed June 2022

Quality meets expectations. However, there are several parts that could be made more user-friendly.

Satisfied, but in some templates the software can be set up more easily. Furthermore, the program offers a lot of material for purchasing!

PROS

Overview of different raw materials and international character to it. In our industry is very interesting.

CONS

The usability is sometimes a bit complex. Certain templates can be set up more easily. Perhaps with certain standard power searches it will make it easier.

Vendor Response

Hi Michiel, Thanks for your positive review and happy to hear you are satisfied. Making our product more user-friendly is one of our top priorities. Good to know there are some things that deserve our attention. Don't hesitate to inform Guido of these improvements (if you haven't done this yet of course). Best Regards, Yorick

Replied June 2022

Annet

Retail, 51-200 employees

Used monthly for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed March 2023

Inkoopprijzen beoordelen met behulp van WTP.

Wij gebruiken WTP bij het analyseren van inkoopprijzen en prijswijzigingen. Het is handig dat je kunt instellen dat je regelmatig rapportages ontvangt met de voor jou belangrijkste grondstofprijswijzigingen.

PROS

Actuele prijzen van heel veel grondstoffen.Direct duidelijke grafieken en rapportages.

CONS

Lastig om juiste grondstoffen van artikelen te vinden of op te vragen bij fabrikanten.

Vendor Response

Hi Annet, thanks for the review and kind words. We are always happy to help complete product calculations!

Replied March 2023

Louis

Construction, 201-500 employees

Used weekly for less than 6 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed March 2023

Inzicht in kostprijzen van leveranciers en productiebedrijven

Een goede begeleiding, ondersteuning en nazorg bij het implementeren van WTP

PROS

Heel veel data tot je beschikking waarmee je kostenprijzen kan begrijpen

CONS

Je moet wel basiskennis hebben hoe je bepaalde gegevens moet verzamelen.

Vendor Response

Hi Louis, thanks for your review. It's very much appreciated. Good to hear you're happy with the support from our team. It is the goal of our support to simplify the use of our tool and its data.

Replied March 2023

9 Reviews