Spend Benchmarking
Compare your procurement spend against trusted real-time price benchmarks. Achieve and maintain competitive pricing with AI-powered benchmarking tailored to your needs.
Turn complexity into clarity. Here’s how QYOBO works.
From raw data to real insights: See how QYOBO transforms scattered pharma market data into clear, actionable intelligence for better decisions.
Quickly benchmark your spend against the latest market prices. QYOBO automatically compares your direct spend with trusted market price data to help you identify savings potentials. No manual analysis — just instant, data-backed clarity.
Your spend, your view. The QYOBO platform tailors the insights specifically to your needs. It highlights suppliers you currently use, suggests the best-suited new partners, and emphasizes ways to consolidate direct spend while diversifying sources to minimize cluster risks.
Access trusted price benchmarks by QYOBO — enriched further by pooled, anonymized data from participating customers — delivering the most accurate and complete view of the global pharmaceutical market.
Ensure an apples-to-apples comparison with your prices — with dozens of price filters for chemical form, grade, pharmacopeia or supplier type — to capture real savings potential.
Benefits
While Others Drown in Data, You’re Already Making the Right Moves.
Instantly compare your purchasing prices with trusted real-time market benchmarks for APIs, excipients, and chemicals. Differentiate with ease where you’re performing well from overpaying and negotiate better deals with confidence.
Leverage a tailored view for your company on the global supplier landscape to optimize supplier selection, consolidation or diversification strategies. Seamlessly identify savings potentials, reduce risks from over-concentrated supply chains, and improve overall sourcing efficiency.
QYOBO delivers trusted benchmarks which can be further fine-tuned with dozens of filters to ensure an apples-to-apples comparison against youryour exact product portfolio. Make procurement decisions backed by data, not guesswork.
More capabilities
One Platform. From Insight to Action.
See how QYOBO transforms pharma decision-making with AI-driven insights.
Questions?
Find answers to common questions about Spend Benchmarking and how it helps optimize your pharma portfolio.
QYOBO continuously compares your current spend on raw materials (APIs, KSMs, excipients, and chemicals) against real-time market prices. You can instantly spot items where you are paying above market prices and negotiate better terms with suppliers, helping you cut procurement costs by up to 57%.
100%. Unlike the typically annual preparation for negotiations at CPhI, e-sourcing events or supplier days, QYOBO continuously monitors market prices around the world, highlights where you can improve your cost position and helps you pick the best time to buy.
QYOBO ensures an apples-to-apples comparison to your prices via dozens of filters for grades, volumes, pharmacopeia or even polymorphs. Our clients have collectively saved 300 million USD since QYOBO was incorporated and thus contributed to a more affordable, and thus accessible supply with essential medecines.
QYOBO takes over the heavy lifting in collecting, structuring and preparing all available market data – so you can focus on the things that matter instead. Always have the latest prices available at your fingertips – ready to use, trusted intelligence for thousands of pharmaceutical raw materials.
The platform updates multiple times daily, and has a lot more to offer than just benchmarks. It also highlights the latest regulatory approvals, GMP inspections, non-compliance events, supply disruptions, shortages, and much more.
QYOBO’s price benchmarks are the gold standard in pricing intelligence and have contributed to multi-million annual savings at leading pharmaceutical companies like Abbott, Biocon or Sandoz. The underlying data is sourced from transaction data from over 30 countries that is carefully cleaned by proprietary algorithms to exclude intercompany trades, rejected shipments, impurities and more to ensure that you can always negotiate with confidence.
QYOBO is designed to work alongside your procurement workflows and can integrate data from and to your ERP, e.g., a spend cube for a seamless experience.
Besides lowering costs, Spend Benchmarking via the QYOBO Platform reduces the time spent on and increases the effectiveness of supplier negotiations, uncovers hidden sourcing risks (e.g., single-source dependencies), streamlines supplier selection and helps you build a more resilient, competitive supply chain.