What it does
Submit a full supplier price list. The Benchmarker maps every line to the nearest PackIndex L3 index, computes deviation for each, and ranks lines from most to least competitive. Identifies where the supplier is above market and quantifies the annual overbilling at your volumes.
Example use case
A procurement team receives an annual price list from their corrugated supplier with 34 line items. The Benchmarker processes all 34 lines, identifies 9 above the PackIndex CORR benchmark by more than 8%, and calculates £47,000 annual overbilling at current volumes — with a renegotiation priority list.
Frequently asked questions
How accurate is the benchmark mapping?
The agent maps by format description to the nearest L3 index and states the confidence of the mapping. You can override any mapping.
Can I compare multiple suppliers?
Yes — submit price lists from multiple suppliers and the agent cross-tabulates against the same index benchmark.
Does it account for specification differences?
Specify the key spec parameters (board grade, caliper, print, etc.) and the agent adjusts the benchmark accordingly.
Related searches
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Run Supplier Quote Benchmarker on PACKIQ
3 credits per run · Grounded in live PackIndex data · Result in under 2 minutes
Open PACKIQ → Live Prices →