The Paradata Trusted Discovery platform continuously curates part parametrics and pricing data across our parts catalog, so BOM Advantage can identify savings opportunities based on recent and reliable public prices. With millions of parts each with potentially thousands of prices, you may wonder how Paradata chooses the price to use in the comparison. Here’s how…

In BOM Advantage 2.0, we added the concept of “model” prices to provide “apples to apples” comparisons of the total cost to build one product across multiple partner quotes. When not all prices are provided for all the same items, we use the model price as a price filler. Why Model Prices By setting a…