Supplier price monitoring and comparison

Purpose

1.1. Automate supplier price monitoring and comparison to enable real-time tracking of fastener costs across vendors.
1.2. Ensure automated updates of supplier pricing in procurement databases for rapid decision-making.
1.3. Automatedly inform procurement teams of price drops or changes to maximize cost saving.
1.4. Automate the process to negotiate better rates, avoid overpaying, and streamline inventory replenishment.

Trigger Conditions

2.1. Automated schedule: daily, weekly, or on-demand sync.
2.2. New supplier catalog upload triggers automated monitoring.
2.3. Manual trigger via webhook or user request initiates real-time pricing check and comparison.
2.4. Detect a set price threshold or substantial price change for automated notification.

Platform Variants

3.1. Google Sheets
• API: Sheets API – Automate fetching, storing, and comparing price data.
3.2. Microsoft Excel Online
• API: Excel REST API – Automate updating supplier price worksheets for direct cost analysis.
3.3. SAP Ariba
• Feature: Supplier Lifecycle API – Automate data pulls for live price monitoring and comparison.
3.4. Amazon S3
• Function: Automates fetching new price lists uploaded as files for further comparison.
3.5. Airtable
• API: Records API – Store automated supplier pricing data and enable comparison automations.
3.6. QuickBooks Online
• API: Item API – Automate updates of item costs for accurate financials.
3.7. Slack
• API: Incoming Webhooks – Automate notifications when significant price changes detected.
3.8. Trello
• API: Cards API – Automate creation of price review tasks for purchasing.
3.9. Microsoft Teams
• API: Incoming Webhooks – Automatedly inform teams of pricing opportunities or concerns.
3.10. Oracle NetSuite
• Function: RESTlet – Automate pricing data entry and updates in inventory system.
3.11. Salesforce
• API: Custom Object API – Automate recording supplier price comparisons.
3.12. HubSpot
• API: Deals API – Automate supplier quote tracking and compare deal values.
3.13. Zapier
• Integration: Webhook/Email parser – Automate extracting prices from supplier emails.
3.14. Monday.com
• API: Boards API – Automate visualization of supplier price movement trends.
3.15. Power BI
• Feature: Dataflows – Automate aggregating and analyzing supplier prices.
3.16. Tableau
• API: Hyper API – Automate importing supplier price data for comparative dashboards.
3.17. Dropbox
• API: File change webhook – Automate triggers when new supplier price lists are added.
3.18. SFTP
• Scheduled download – Automated download and extraction of supplier price files.
3.19. Outlook
• API: Mail API – Automate scanning of supplier offer emails for price information.
3.20. RESTful Supplier APIs
• Custom connection – Automate recurring data pulls from supplier web services for up-to-date pricing.
3.21. Shopify
• API: Product update webhook – Automate synchronization of online product costs with supplier changes.
3.22. Twilio SMS
• Feature: SMS Notifications – Automatedly alert stakeholders of urgent supplier price fluctuations.
3.23. Docparser
• API: Parse incoming price lists from PDFs and automate data push for comparison.

Benefits

4.1. Saving procurement time by automating price monitoring workflows.
4.2. Improve supplier negotiation with automated real-time data.
4.3. Mitigates risk by automatedly detecting surges and volatile trends.
4.4. Increases profitability through optimized, automated purchasing.
4.5. Drives operational efficiency by automating manual data collection and analysis.