Price Navigator is your central hub for storing and managing all local and GPO contract versions, documents, terms and price information. The tool allows you to maximize negotiated savings opportunities by ensuring the compliance of each purchase transaction against specific contract prices, terms and commitment thresholds. As well, Price Navigator is a price management engine that ensures prices are accurate in the ERP item master and the requisitioning workflow.
The contract repository provides sourcing teams with visibility into spend on the contract; as well as, notification of key dates and price escalation across the term of the contract. In addition, the repository provides a single source of truth for savings initiatives that are negotiated into the contract.