BIC provides polyethylene buyers with a procurement advantage by delivering transaction-level benchmarking data that reflects actual market pricing rather than opinion‑based indices.
Funding
Funding not disclosed
Founders
Product
Problem
Polyethylene pricing in North America is opaque, with published indices based on limited, subjective inputs that often diverge from actual market transactions. This lack of transparent, transaction‑level data makes it difficult for buyers to benchmark costs, negotiate effectively, and achieve optimal procurement outcomes.
Solution
BIC Advisory Group provides polyethylene buyers with a data‑driven procurement advantage by delivering transaction‑level benchmarking derived from domestic shipper declarations rather than opinion‑based surveys. The platform analyzes real market pricing, volume, and grade specifics to show how producers set prices and negotiate concessions. Armed with this insight, buyers can structure competitive RFQs, time requests for non‑market price concessions, and develop supplier‑specific negotiation strategies. The result is a typical cost reduction of around 3 ¢ per pound compared with internal procurement processes, turning market opacity into actionable cost savings.
Target Audience
Primary customers are corporate procurement teams and supply‑chain managers in North American companies that purchase polyethylene for manufacturing, packaging, or distribution operations.
Features
- Transaction‑level price benchmarks sourced from actual domestic shipper declarations, reflecting true market conditions
- Producer insight analytics that reveal pricing behavior, negotiation tactics, and market psychology
- Volume‑ and grade‑adjusted comparisons to assess appropriate pricing relative to a buyer’s purchase profile
- Structured sourcing workflow that identifies optimal supplier sets and designs competitive annual RFQ processes
- Negotiation support tools, including supplier‑specific strategies and contract term recommendations aligned with current market dynamics
- Timely market monitoring to pinpoint inflection points for non‑market price concession requests