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IHS Markit PriceEdge User Manual

IHS Customer Care

15 Inverness Way East

Englewood, CO 80112, USA

+1 - 800 - IHS - CARE

+1 - 800 - 447 - 2273

[email protected]

IHS Markit PriceEdge User Manual | Contents

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Contents

IHS Markit PriceEdge Introduction 1

Navigate IHS Markit PriceEdge ..................................................................... 1

Understand the Price Calculations................................................................. 3

Part Details 5

Evaluate Part Details ..................................................................................... 5

FLIS Header (Segment A).................................................................. 6

Master Cross Reference List (MCRL) ................................................ 7

Management List – Consolidated (ML-C) ........................................... 7

AMC/AMSC Codes ............................................................................ 8

ML-C Phrase Statement Data ............................................................ 8

Similar Part Pricing 9

Perform a Similar Part Pricing Calculation ..................................................... 9

Understand the Similar Part Pricing Calculation .......................................... 10

Same Part Pricing 12

Perform a Same Part Pricing Calculation..................................................... 12

Understand the Same Part Pricing Calculation ............................................ 13

Web Search 14

Perform a Web Search ................................................................................ 14

Search Syntax ................................................................................. 15

Search Results ................................................................................ 15

Similarity Search 17

Perform a Similarity Search ......................................................................... 17

Search Field Behavior ...................................................................... 18

Similarity Search Syntax .................................................................. 19

Similarity Search Results ............................................................................. 21

Faceted Browsing ............................................................................ 22


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Generate Package 24

Batch Same Part Pricing 27

Format your Batch File ................................................................................ 27

Perform Batch Same Part Pricing Calculations ............................................ 28

Universal Detail Buttons 30

Contract History ........................................................................................... 30

Procurements by Price Point ............................................................ 30

Procurements by Contract ............................................................... 31

Procurements by Date ..................................................................... 32

Contract Price Trends.................................................................................. 34

BLS Index Trends ........................................................................................ 35

Part Numbers .............................................................................................. 35

PID Specifications ....................................................................................... 36

Item Description .......................................................................................... 37

Technical Properties .................................................................................... 37

Reports 39

Part Details Report ...................................................................................... 39

Similar Part Pricing Report .......................................................................... 40

Model Report ............................................................................................... 40

Selected Model Series Data ............................................................. 42

Selected Model Data ........................................................................ 42

Selected Price Data ......................................................................... 43

Same Part Pricing Report ............................................................................ 44

Administrative and Support Functions 46

Exit PriceEdge ............................................................................................. 46

Help ............................................................................................................. 46

Customer Care ............................................................................................ 47

About ........................................................................................................... 47

Frequently Asked Questions 49

Glossary 52


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Index 57

IHS Markit PriceEdge User Manual | IHS Markit PriceEdge Introduction

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IHS Markit PriceEdge Introduction

Welcome to the IHS Markit PriceEdge User Guide!

This guide will provide you with all the information you need to get started with PriceEdge and use it on a daily basis.

About IHS Markit PriceEdge

PriceEdge is a Software as a Service (SaaS) tool that aids pricing teams in determining how to bid competitively in the context of the current market. PriceEdge uses available historical procurement data, material data, Bureau of Labor Statistics (BLS) data, learning curves, and proprietary data to generate price estimates for individual parts and for a batch of parts. PriceEdge also offers part details, a multi-engine web search that queries many search engines simultaneously, and a similarity search functionality that can be utilized to find similar parts.

PriceEdge’s price calculations take into account variables that include:

Relevant BLS data

Material costs

Historical price points

Contract types

Learning curves

2018 IHS, all rights reserved. All trademarks belong to IHS or its affiliated and subsidiary companies.

Navigate IHS Markit PriceEdge

The graphic below provides an overview of how to navigate PriceEdge.


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Figure 1: Overview of PriceEdge, which displays global search, exit link, and help center button at the top of the PriceEdge screen, a main tabs under the global search bar, Clear All Tabs and universal detail buttons on the right of each tab, Notes for Generate Package field, About link, and the Copyright link at the bottom of the screen

The global search feature is located at the top of every screen, and allows users to search by

CAGE + Part Number

NSN/NIIN


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Part Number

Administrative functions are located at the top of the PriceEdge screen and are available on all PriceEdge tabs; they include:

Exit link

Help button

The main tabs are located below the administrative functions and include:

Part Details

Similar Part Pricing

Same Part Pricing

Web Search

Similarity Search

Generate Package

Batch Same Part Pricing

The universal buttons are located on all tabs and include:

Universal Clear All Tabs button

Universal Detail Buttons

Support functions are located at the bottom of every screen, and include:

Terms of Use

Privacy Policy

Customer Care

About

Note: The Notes for Generate Package dialog appears at the bottom of the Part Details tab, Similar Part Pricing tab, Same Part Pricing tab, Web Search tab, and Similarity Search tab.

Understand the Price Calculations

PriceEdge supports two methods for generating market price estimates to be used in price reasonableness analysis in accordance with Federal Acquisition Regulations (FAR) 15.404-1(b)(ii).

Similar Part Pricing calculates price estimates based on other parts with similar contract data.

Same Part Pricing calculates price estimates based on contract data associated with the same part.

After the user auto-selects or manually selects the base contract for price reasonableness, both methods adjust prices using Bureau of Labor Standards (BLS) indices and adjust quantities using DAU-endorsed Unit Improvement Curve methods (Volume 2, Chapter 7.0.3). The Similar Part


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Pricing method uses regression analysis (Volume 2, Chapter 5) to develop the adjusted price before quantity adjustments are applied.

Note: PriceEdge’s price calculations take into account a part’s contract history. In the case that a part’s contract history causes pricing to increase or stay the same as quantities increase, refer to the part’s contract history for more information. Some previous procurements may be excluded from the price calculation. These excluded procurements are indicated by an exclamation symbol in the Excluded column in the Procurements by Contract and Procurements by Date sections of the Contract History dialog. Line items may be excluded from the price calculation due to the reason specified next to the exclamation symbol.

IHS Markit PriceEdge User Manual | Part Details

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Part Details The Part Details tab provides crucial technical information about a specified part, and provides a report detailing the part’s technical data.

Evaluate Part Details

To evaluate the technical information and historical data associated with a part:

1. Search for a part using the global search feature.

a. Under Entry Type, select the appropriate part input from the drop-down menu. Options include:

i. CAGE + Part Number

ii. NSN/NIIN

iii. Part Number

Note: The part input fields available (CAGE + Part Number, NSN/NIIN, Part Number) depend on whether the user’s company uploaded contract data, and the format of that data.

b. Enter the part into the field(s) provided and Click Search.

Note: PriceEdge will try to map a CAGE + Part Number input to existing an NSN. If the part you entered maps to an NSN, the Part Details tab will display part characteristics and technical data. If the part does not map to an NSN, but maps to corporate contract history, some data will be displayed. If the part does not map to an NSN and is not found in the database, no data will be displayed.

Figure 2: Global search entry options

2. PriceEdge populates the Part Details tab with:

Item Name

Mapped NSN (if a CAGE + Part Number combination was entered and successfully matched to an NSN).

FLIS Header (Segment A)

Master Cross Reference List (MCRL)

Management List – Consolidated (ML-C)


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AMC/AMSC Codes

ML-C Phrase Statement Data

Part Details Report

Notes for Generate Package field

3. At the bottom of the screen, enter your notes about the part’s technical information in the Notes for Generate Package field.

Note: These notes will appear both in the Part Details Report and in your Package (Generate Package tab), if generated. If you clear the entered part or end your session, PriceEdge will clear all entered notes.

4. To preserve the part’s technical information and your entered notes:

Click the Part Details Report to generate a report containing the part’s technical information and your notes.

Shift to the Generate Package tab to generate a full package containing a summary of your PriceEdge research, calculations, and notes.

FLIS Header (Segment A)

The FLIS Header (Segment A) table identifies properties of and information about the part.

Note: data for the elements listed is not always available for a part.

INC (Item Name Code)

FIIG (Federal Item Identification Guide)

Criticality Code

ISC (Item Standardization Code)

Status

TIIC (Types of Item Identification Code)

RPDMRC (Reference or Partial Descriptive Method Reason Code)

ADP (Automated Data Processing Equipment Identification Code)

DEMIL (Demilitarization Code)

DEMIL Integrity Code (Demilitarization Integrity Code)

HMIC (Hazardous Materials Indicator Code)

ESDEMI (Electrostatic Discharge/Electromagnetic Inference Code)

PMI (Precious Metals Indicator Code)

HCC (Hazardous Characteristics Code)


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Schedule B

ENAC (Environmental Attribute Code)

Date NIIN Assigned

Master Cross Reference List (MCRL)

The Master Cross Reference List (MCRL) provides cross-reference information from reference numbers to parts. The MCRL table provides the part’s:

Obsolescence

Part Number

RNCC (Reference Number Category Code)

RNVC (Reference Number Variation Code)

RNFC (Reference Number Format Code)

RNJC (Reference Number Justification Code)

RNSC (Reference Number Status Code)

RNAAC (Reference Number Action Activity Code)

SADC (Service Agency/Designator Code)

DAC (Document Availability Code)

HCC (Hazard Characteristics Code)

MSDS ID (Material Safety Data Sheet Identifier)

CAGE Code (Commercial and Government Entity Code)

Company Name

Management List – Consolidated (ML-C)

The Management List – Consolidated (ML-C) is a cumulative listing of part for all branches of the armed services, with each part listed only once. The integrated material manager and service or agency is listed separately. The ML-C is a tool used for determining management data applicable to items used or managed by other military activities. The ML-C table lists:

SA (Service Agency)

SOS (Source of Supply)

MCD (Management Control Data)

UI (Unit of Issue)

UI Conversion (Unit of Issue Conversion)

QUP (Quantity per Unit Pack)

AAC (Acquisition Advice Code)


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SLC (Shelf Life Code)

RC (Recoverability Code)

CIIC (Controlled Inventory Item Code)

Effective Date

USC (Using Service Code)

Price

AMC/AMSC Codes

The AMC/AMSC Codes table lists the part’s:

AMC (Acquisition Method Code)

AMSC (Acquisition Method Suffix Code)

ML-C Phrase Statement Data

The ML-C Phrase Statement Data table lists references to and information about part substitutes, including:

SA (Service Agency)

PC (Phrase Code)

Phrase Statement

IHS Markit PriceEdge User Manual | Similar Part Pricing

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Similar Part Pricing PriceEdge uses the latest data from FLIS (Federal Logistics Information System) and BLS (Bureau of Labor Statistics) to build statistical models (details available in the Model Report) and estimate part pricing. Similar Part Pricing calculates price estimates using parts with similar contracts.

Perform a Similar Part Pricing Calculation

After searching for a part using the global search feature and moving to the Similar Part Pricing tab:

1. On the Similar Part Pricing tab, enter a Solicitation Quantity and click Auto-Select Base Contract.

After you enter a solicitation quantity and auto-select the base contract, PriceEdge will display the:

o Base Contract: the historical contract with corresponding contract number, date, quantity, price, price reasonableness code (PRC), and Commercial and Government Entity (CAGE) code. The base contract is used in calculating the Quantity Adjusted Unit Price and Quantity Adjusted Total Price.

o Regressed Unit Price: the BLS-adjusted unit price based on a model using parts at the selected contract’s price range, with a similar contract type. This value is the base price before quantity adjustment.

o Regressed Total Price: the BLS-adjusted total price based on a model using parts at the selected contract’s price range, with a similar contract type. This value is the base price before quantity adjustment.

2. Optional: expand the Base Contract drop-down menu and select a different contract for the Similar Part Pricing calculation.

3. Expand the Learning Curve Slope drop-down menu and select a learning curve slope. The Learning Curve Slope drop-down menu is prepopulated with FSC-based slope options.

Select Single CAGE for parts with a single recent vendor.

Select Multiple CAGE for parts with multiple vendors.

Select Custom to enter a different slope value.

o In the Custom Slope field that appears, enter a decimal value between 0 and 1 (Example: .85).

4. Optional: in the Offer Price field, enter the anticipated offer price.

5. Click Calculate.

6. After you click Calculate, PriceEdge displays the:

Solicitation/Contract Quantity Ratio: the ratio between the selected contract’s quantity and your solicited quantity. The closer the number is to 1.00, the closer the two values are to each other.

Quantity Adjusted Unit Price: the expected unit price at the entered solicitation quantity based on the specified learning curve.


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Quantity Adjusted Total Price: the expected total price at the entered solicitation quantity based on the specified learning curve.

Offer Price Percent Difference (if you entered an offer price in step 4): the difference between the offer price and quantity adjusted unit price.

o A positive value indicates that the offer price is higher than the adjusted unit price.

o A negative value indicates that the offer price is lower than the adjusted unit price.

7. At the bottom of the screen, enter your notes about the calculation in the Notes for Generate Package field.

Note: These notes will appear both in the Similar Part Pricing Report and in your Package (Generate Package tab), if generated. If you clear the entered part or end your session, PriceEdge will clear all entered notes.

8. To preserve your price calculations and corresponding notes:

Click the Similar Part Pricing Report button to generate a report detailing your pricing calculations and notes.

Click the Model Report button to generate a report detailing the model’s data.

Shift to the Generate Package tab to generate a full report containing a summary of your PriceEdge research, calculations, and notes.

Understand the Similar Part Pricing Calculation

Building a Model

In order to build a statistical model, the PriceEdge Cruncher collects and sorts award data within a particular group, such that parts with similar characteristics and prices are modeled together. Each material, FSC, and NAICS code is assigned a BLS index. Each part is assigned three BLS indices that are considered representative of the item of supply’s price behavior in the marketplace. The three indices are selected from the part’s FSC/NAICS, material(s), and a pool of BLS “aggregate” defaults. PriceEdge escalates prices using a blended index of BLS indices. PriceEdge uses prices from procurements within the last three years (although it may access data from up to ten years back to get Last Price, Second to Last Price, or Closest Price by Volume).

Partitioning Awards

The list is then partitioned based contract type (manual POs, automated POs, long term contracts) and price using the statistical mean difference test. For each partition of awards, a linear regression model is created. This establishes a relationship between the values of “last price,” “second to last price,” and “closest price by volume” with the actual award price for every award in that partition.

Removing Outliers


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Based on regression findings, outlier awards are removed from the partition. If any of these prices is 50% greater or less than the part’s most recent price, it is considered an outlier and PriceEdge does not use it in the price estimate calculation.

Identifying Model Parameters

Then, the three price data columns (i.e. last, second-to-last, and closest price) are checked for significance in predicting award prices, as well as for correlation among themselves. Any column that does not show significance or has too high a correlation to another column may be removed from the model.

Calculating Price Estimates

Price estimation begins with model selection, the process of choosing a particular price-partitioned model from part’s FSC/NAICS group and computing a price estimate using that model based on user input. The user provides two inputs: the part to be priced and a solicitation quantity.

PriceEdge auto-selects the most similar contract from a part’s history for the user-entered quantity. PriceEdge performs this selection based on price and contract type in the part’s procurement data. The user can opt to select a different historical contract as the basis for the calculation.

Performing Quantity Adjustment

PriceEdge applies data mining algorithms that extract statistically significant learning curve parameters using regression models for every FSC/NAICS. Within each FSC, PriceEdge provides two learning curve slopes: one for parts with only one CAGE code (less competitive) in their recent contract history and one for parts with multiple CAGE codes (more competitive) in their contract history. PriceEdge also offers a Custom Slope option that allows the user to enter a value based on his/her vendor or part-specific knowledge. The user’s choice dictates the slope with which PriceEdge calculates the new volume to price relationship based on previously established prices at different quantities.

IHS Markit PriceEdge User Manual | Same Part Pricing

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Same Part Pricing Same Part Pricing calculates price estimates using that part’s historical procurements.

Perform a Same Part Pricing Calculation

After searching for a part using the global search feature and moving to the Same Part Pricing tab:

1. On the Same Part Pricing tab, enter a Solicitation Quantity and click Auto-Select Base Contract.

After you enter a solicitation quantity and auto-select the base contract, the Same Part Pricing grid will display the:

o Base Contract: the historical contract with corresponding contract number, date, quantity, price, price reasonableness code (PRC), and Commercial and Government Entity (CAGE) code. The base contract is used in calculating the Quantity Adjusted Unit Price and Quantity Adjusted Total Price.

o BLS Adjusted Unit Price: the base contract’s unit price adjusted to today’s dollars using BLS indexes.

o BLS Adjusted Total Price: the base contract’s total price adjusted to today’s dollars using BLS indexes.

2. Optional: expand the Base Contract drop-down menu and select a different contract for the Same Part Pricing calculation.

3. Expand the Learning Curve Slope drop-down menu and select a learning curve slope. The Learning Curve Slope drop-down menu is prepopulated with FSC-based slope options.

Select Single CAGE for parts with a single recent vendor.

Select Multiple CAGE for parts with multiple vendors.

Select Custom to enter a different slope value.

o In the Custom Slope field that appears, enter a decimal value between 0 and 1 (Example: .85)

4. Optional: in the Offer Price field, enter the anticipated offer price.

5. Click Calculate.

6. After you click Calculate, PriceEdge displays the:

Solicitation/Contract Quantity Ratio: the ratio between the selected contract’s quantity and your solicited quantity. The closer the number is to 1.00, the closer the two values are to each other.

Quantity Adjusted Unit Price: the expected unit price of a procurement at the entered solicitation quantity based on the specified learning curve.

Quantity Adjusted Total Price: the expected total price of a procurement at the entered solicitation quantity based on the specified learning curve.

IHS Markit PriceEdge User Manual | Same Part Pricing

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Offer Price Percent Difference (if you entered an offer price in step 4): the difference between the offer price and quantity adjusted unit price.

o A positive value indicates that the offer price is higher than the adjusted unit price.

o A negative value indicates that the offer price is lower than the adjusted unit price.

7. At the bottom of the screen, enter your notes about the calculation in the Notes for Generate Package field.

Note: These notes will appear both in the Same Part Pricing Report and in your Package (Generate Package tab), if generated. If you clear the entered NSN or end your session, PriceEdge will clear all entered notes.

8. To preserve your price calculations and corresponding notes:

Click the Same Part Pricing Report button to generate a report detailing your pricing calculations and notes.

Shift to the Generate Package tab to generate a full report containing a summary of your PriceEdge research, calculations, and notes.

Understand the Same Part Pricing Calculation

Summary

After the user inputs the part and solicitation quantity for their price research, PriceEdge auto-selects the most similar contract from a part’s history for the user-entered quantity. PriceEdge performs this selection based on price and contract type in the part’s procurement data. The user can opt to select a different historical contract as the basis for the calculation. PriceEdge then adjusts prices using a blended index of Bureau of Labor Standards (BLS) indices. Subsequently, PriceEdge generates the learning curves for single-CAGE and multi-CAGE categories within each FSC/NAICS and generates learning curve slopes that are provided to the user. Users may choose one of the offered values or enter a custom value.

Performing Price Adjustment

PriceEdge adjusts every award price from the month and year it was awarded to the most recently completed month using BLS indices. Each FSC/NAICS is assigned a Bureau of Labor Statistics (BLS) index. PriceEdge escalates prices based on a weighted average of the three part-specific BLS indices.

Performing Quantity Adjustment

PriceEdge applies data mining algorithms that extract statistically significant learning curve parameters using regression models for every FSC/NAICS. Within each FSC, PriceEdge provides two learning curve slopes: one for parts with only one CAGE code (less competitive) in their recent contract history and one for parts with multiple CAGE codes (more competitive) in their contract history. PriceEdge also offers a Custom Slope option that allows the user to enter a value based on his/her vendor or part-specific knowledge. The user’s choice dictates the slope with which PriceEdge calculates the new volume to price relationship based on previously established prices at different quantities.

IHS Markit PriceEdge User Manual | Web Search

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Web Search PriceEdge Web Search queries multiple search engines simultaneously to help you identify available web-based pricing.

Note: After using Web Search to locate web based part pricing, enter relevant notes about your findings in the Notes for Generate Package field. PriceEdge automatically records the entered criteria for each search into the field. These notes will appear in your Package (Generate Package tab), if generated. If you clear the entered part or end your session, PriceEdge will clear all entered notes.

Perform a Web Search

1. On the Web Search tab, enter search criteria in any of the following fields:

Company Name/CAGE, NSN/NIIN, Part Number, and/or Item Name.

Note: If you have a Company Name/CAGE and NSN/NIIN, adding Item Name may actually make your web search results less relevant.

2. In the Search Engines box, specify search engines to query.

Some search engines will be selected by default. To deselect a search engine, uncheck the box to the left of its name. To select or deselect all search engines, check or uncheck the Check All box. The available search engines include:

o Amazon

o Bing

o Dogpile

o Excite

o Google

o Google-Shopping

o Ixquick

3. Click Search.

If you want your search results to open automatically in new windows, check the box under the search fields.

After entering search criteria and specifying which search engines to query, click Search to perform the web search.

Note: You may need to disable popup blockers if you want your search results to automatically open in new windows.

4. At the bottom of the screen, enter your notes about your search findings in the Notes for Generate Package field. After every web search you perform, PriceEdge will automatically add your search criteria to the Notes for Generate Package field.


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Figure 3: Example of Notes for Generate Package field on the Web Search tab populated with search criteria

Note: These notes will appear both in your Package (Generate Package tab), if generated. If you clear the entered part or end your session, PriceEdge will clear all entered notes.

5. To preserve your search criteria and entered notes:

Shift to the Generate Package tab to generate a full package containing a summary of your PriceEdge research, calculations, and notes.

Search Syntax

Quotes (“”)

Use quotes to indicate that you want to see results that contain the entire phrase in one place rather than the various words within the phrase in different places. Example: A search for “regulating valve” should produce results for a regulating valve, rather than a webpage that just contains the words “regulating” and “valve” anywhere on the page.

Note: Whatever you type into the search fields is passed directly to each search engine. As search engines have different rules regarding how they deal with quotes, using them may affect results differently for each search engine.

Search Results

PriceEdge displays results of your web search in the Web Search Results box below the search fields. The Web Search Results box includes:

Terms on which the web search was performed (A)

Links to the set of search results from each search engine queried (B)


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Figure 4: Web Search Results box, which displays the terms on which PriceEdge performed the search and the search queries PriceEdge generated

IHS Markit PriceEdge User Manual | Similarity Search

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Similarity Search PriceEdge Similarity Search can help you identify parts with similar part numbers, management attributes, and technical characteristics to the part you are pricing. Similarity searches may be helpful for first time part pricing and for pricing parts with limited contract history.

Note: After using Similarity Search to locate parts similar to the part of interest, enter relevant notes about your findings in the Notes for Generate Package field. PriceEdge automatically records the entered criteria for each search into the field. These notes will appear in your Package (Generate Package tab), if generated. If you clear the entered part or end your session, PriceEdge will clear all entered notes.

Perform a Similarity Search

1. On the Similarity Search tab, enter search criteria into one or more of the following search fields:

FSC

NSN/NIIN

CAGE

Part Number

Item Name

AMC/AMSC

ML-C Price Range

o ML-C Price Low

Note: If you do not input a low value, the lowest possible value (lowest value in the facet range) will be used.

o ML-C Price High

Note: If you do not input a high value, the highest possible value (highest value in the facet range) will be used.

Technical Properties

o MRC

o Statement

o Reply

2. After entering criteria into at least one search field, click Search. PriceEdge will display search results in the Similarity Search Results grid.


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Note: After you perform a search, a dialog box may appear if the total results exceeds the number of results displayed in the Similarity Search Results grid. Click OK to dismiss the message for that search. Check Stop showing this message and click OK to dismiss the message for all searches in your session. Use facets or additional search criteria to refine your search until you can view all results in the grid.

3. In Facets Box, select facets to further refine your search.

To go back one level in your selected facets, click the Back button.

To restore the original similarity search results grid (to the condition before any facets have been selected), click the Restore button.

4. Continue entering search criteria and selecting facets until you have sufficiently narrowed your results.

5. At the bottom of the screen, enter your notes about your search findings in the Notes for Generate Package field. After every similarity search you perform, PriceEdge will automatically add your search criteria to the Notes for Generate Package field.

Figure 5: Example of Notes for Generate Package field on the Similarity Search tab populated with search criteria

Note: These notes will appear both in your Package (Generate Package tab), if generated. If you clear the entered part or end your session, PriceEdge will clear all entered notes.

6. To preserve your search criteria and entered notes, shift to the Generate Package tab to generate a full package containing a summary of your PriceEdge research, calculations, and notes.

7. Use the Clear All Tabs button between searches to clear part data from all tabs.

Note: This will also clear any notes you have entered.

Search Field Behavior

Similarity Search input fields trigger one of two search behaviors: exact match search or contains search.

Exact match fields

Return results that match exactly what you typed into the search field. Search fields with exact match behavior are:


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o FSC

o NSN/NIIN

o CAGE

o AMC/AMSC

o ML-C Price Low

o ML-C Price High

o MRC

Contains fields

Return all results that contain what you typed into the search field. Search fields with contains behavior are:

o Part Number

o Item Name

o Statement

o Reply

Note: comma (,), space (_), and dash (-) are treated as “AND” within contains searches, so a search for A,B; A B; or A-B will return all results that contain A AND B.

Similarity Search Syntax

Use search syntax to broaden or refine your similarity search. Similarity Search supports Wildcard Search, Fuzzy Search, and Not Search.

Wildcard Search

Wildcards can be used within similarity searches to find results that contain a set of text (word(s) or group(s) of letters) as well as to replace missing character(s). Use the question mark (?) to perform a single character wildcard search, and use the asterisk (*) to perform a multi-character wildcard search. Wildcards behave differently in exact match search fields and contains search fields.

Wildcard search in an exact match field

A single character wildcard search using the question mark (?) in an exact match field will return only exact matches to the search criteria with the missing character filled in.

Example: Searching MRC for P?MT returns results for PRMT (precious material)

Example: Searching NSN/NIIN for 5945-00-???-8016 will return 5945-00-152-8016

A multi-character wildcard search using the asterisk (*) in an exact match field will return only exact matches to the search criteria with the missing characters filled in.

Example: Searching NSN/NIIN for 5945-00-152-* will return 5945-00-152-8016; 5945-00-152-8912; and 5945-00-152-9001


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Example: Searching NSN 5945-00-*-8016 will return 5945-00-152-8016 and 5945-00-985-8016

Note: You may not include multiple asterisks in an exact match search field.

Wildcard search in a contains field

A single character wildcard search using the question mark (?) in a contains field will return anything containing the entered search criteria with the missing character filled in. There may be additional characters or words preceding or following the entered criteria.

Example: Searching Item Name for B?LT will yield results for BOLT; BELT; and B0LT as well as BOLT,HOOK; BELT,V; SWING BOLT,ROD END; and CLEVIS AND U-BOLT

A multi-character wildcard search using the asterisk (*) in a contains field will return anything containing the entered search criteria with the missing characters filled in. There may be additional characters or words preceding or following the entered criteria.

Example: Searching Item Name for B*T will yield results for BOLT; BELT; BRACKET; BOLT,SHEAR; BRACKET,MOUNTING; and PULLEY,TIMING BELT

Fuzzy Search

Fuzzy searches utilize a tilde (~) to find similar results to the word(s), letter(s), or number(s) preceding the tilde.

Use the tilde (~) after the search criteria for which you would like to find similar results.

Fuzzy searches behave differently in exact match search fields and contains search fields.

Fuzzy search in an exact match field

Placing a tilde (~) after search criteria in an exact match field will return results that are similar to the search criteria preceding the tilde.

Example: searching FSC for 3110~ will yield results for 1910; 9110; 3210; and 3412

Example: searching CAGE for 50905~ will yield results for 50907; 50902; 50955; and 90905

Example: searching MRC for MATT~ will yield results for AMTT; AATT; ADTT; and AAXT

Fuzzy search in a contains field

Placing a tilde (~) after search criteria in a contains field will return results that are similar to the search criteria preceding the tilde.

Example: searching Part Number for A36214~ will yield results for A-36214; A3621-2; A36C14; and AE6214

Example: searching Item Name for BALL~BEARING will yield results for PLATE,BEARNG,BALK; BEARING-BULL GEAR; HOUSING,BEARING,BAL; and BEARING,SPECIAL,BAL


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Example: searching Reply for SINGLE~ will yield results for SINGLEY; SINGLR CHIP LED; 3 SINGLES; and SINGEL POLE, NORMALLY OPEN

Not Search

Not searches utilize a dash (-) to exclude a particular term from a set of terms in the results set.

Use the dash (-) after the search criteria that you wish to exclude.

Not searches behave differently in exact match search fields and contains search fields.

Not search in an exact match field

Placing a dash (-) after search criteria in an exact match field will return results that contain everything except exactly what you typed after the dash. Generally, for exact match fields PriceEdge returns everything in the database that does not match your entry.

Example: searching FSC for -5305 will yield all FSCs except 5305, including 5935; 5905; 5910; 5962; and 5930

Example: searching CAGE for -06144 will yield all CAGE codes except 06144, including 78525; 0DTU2; 3WHM6; 51761; and 7D068

Not search in a contains field

Placing a dash (-) after search criteria in a contains field will return results excluding criteria preceding the dash. You must include a space before the dash, or PriceEdge will read it as part of the search criteria.

Example: searching Item Name for CARBON -ROD will yield results containing CARBON, without ROD. These include: FILTER, CARBON; CARBON BLOCK ASSY; and CARBON TETRACHLORID…

Example: searching Part Number for 104 -0000 will yield results that include 104, but not 0000. These include: 104; 772-104; 10100356-104; and 103-104

Similarity Search Results

Column in Results Grid Definition

NSN (National Stock Number) A 13-digit code that identifies an item of supply and its Federal Supply Class (FSC)

Part Number The vendor’s part number

Item Name The basic noun that identifies the end item along with other data that describes its make, model, size etc

AMC/AMSC The Acquisition Method Code (AMC) and Acquisition Method Suffix Code (AMSC) from FLIS combined to display AMC/AMSC


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CAGE The Commercial and Government Entity (CAGE) code assigned to the company which was awarded the specified contract

ML-C Price ML-C Price from the FLIS database

MRC (Material Reference Code) A four letter designation which identifies a type of technical characteristic

Statement A description of a technical characteristic (for example, material or weight)

Reply The value that corresponds to the MRC and Statement

Page Page through your results by selecting a page number or clicking Previous or Next

Faceted Browsing

Faceted browsing allows you to perform a basic search and then narrow down your results with each facet you select. Similarity Search displays the top ten results in each facet category. The facets are organized first by number of results and then alphabetically.

Figure 6: Facets box with options to go Back one level in facets or to Restore all selected facets

Each facet consists of three components: a category such as NSN, FSC, or Item Name, followed by a colon. Next is the facet itself, such as the NSN, FSC code, or the noun(s) used as the Item Name,


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and this is followed by a hyphen and a number. The number after the hyphen shows the number of results that will match the facet.

Figure 7: Sample facet option with CAGE as the category, 0FW39 as the Facet, and 25 results that match.

Possible facet categories include:

FSC

NIIN

Item Name

AMC/AMSC

CAGE

Part Number

MRC

Statement

Reply

ML-C Price

IHS Markit PriceEdge User Manual | Generate Package

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Generate Package After completing your pricing activities and entering notes where appropriate, use Generate Package to export a printable summary of your findings. Generate Package provides a PDF containing a record of all PriceEdge activity, including a summary of Part Details, Detail Button Data, Similar Part Pricing, Same Part Pricing, Web Search, and Similarity Search.

Figure 8: Generate Package tab with instructions for generating a package and accordion containing package options

Once on the Generate Package tab:

1. Select or deselect the box to Include Notes.

Note: Include Notes is selected by default.

2. To select the items you want to include in your package, expand each menu in the accordion.

Note: Some of the data you have generated during your session will be automatically included in your package. Some items will be selected by default, but may be de-selected. You can only include items in your package for calculations you have performed and data you have generated.

a. Expand the Part Details drop-down. Select the items you wish to include in your package from the options listed:

o FLIS Header (Segment A)

o Master Cross Reference List (MCRL)


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o Management List – Consolidated (ML-C)

o AMC/AMSC Codes

o ML-C Phrase Statement Data

b. Expand the Detail Button Data drop-down. Select the items you wish to include in your package from the options listed:

o Contract History (always included if available)

o Contract Price Trends (always included if available)

o BLS Index Trends (always included)

o Part Numbers (always included if available)

o PID Specifications

o Item Description

o Technical Properties

c. Expand the Similar Part Pricing drop-down. Select the items you wish to include in your package from the options listed:

o Pricing Calculations

o Learning Curve Graph

o Model Report

d. Expand the Same Part Pricing drop-down. Select the items you wish to include in your package from the options listed:

o Pricing Calculations

o Learning Curve Graph

e. Expand the Web Search drop-down. Select the items you wish to include in your package from the options listed:

o Web Search Criteria

o Chosen Search Engines

f. Expand the Similarity Search drop-down. Select the items you wish to include in your package from the options listed:

o Similarity Search Criteria

o Facet Path

o Similarity Search Results

Note: Only the first 1000 results will be included in the package.

3. After you have finished selecting the information that will be included in your package, click Generate Package.

Note: Upon clicking Generate Package, a PDF will download to your computer.


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Figure 9: Page 1 of sample part research package

IHS Markit PriceEdge User Manual | Batch Same Part Pricing

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Batch Same Part Pricing PriceEdge offers Batch Same Part Pricing to allow users to generate a batch of unit prices using the Same Part Pricing methodology. Use Batch Same Part Pricing to generate pricing for up to 1000 parts. Before you perform a batch of Regressed Unit Price calculations, you must format your batch file.

Format your Batch File

In order to generate pricing for a batch of parts, first ensure that your file is in the correct format.

1. The file must be either a .txt (Notepad) or .csv (Excel) file.

2. There may only be one part per line. You may use one of the following part entry types in your batch file:

CAGE + Part Number

NSN/NIIN

Part Number

Note: Batch Same Part Pricing accepts 1000 parts at a time. If you upload a file with more than 1000 parts, PriceEdge will only calculate prices for the first 1000 parts in the file.

3. Each data element in the file must be separated by a delimiter (a character that separates two separate strings of data). Acceptable delimiters include:

Comma (,)

Tab

Semicolon (;)

Space

Vertical bar (|)

4. You can choose to include OR not to include a quantity after each part in the file.

If a quantity is specified, the options are:

o A numerical value (example: 1234-56-789-0123,10)

o The word “LOW” for average range low from the contract history (example: 1234-56-789-0123,LOW)

o The word “HIGH” for average range high from the contract history (example: 1234-56-789-0123,HIGH)

If zero is specified, no quantity is specified, or the quantity is invalid, PriceEdge will automatically use the average range high quantity from the contract history.

Regardless of whether the uploaded file specifies a quantity, you will have the option to override the quantity using average range low or average range high.


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o Average range low (LOW) will tend to result in the highest pricing as part quantity is usually inversely proportional to cost.

o Average range high (HIGH) will tend to result in the lowest pricing as part quantity is usually inversely proportional to cost.

Perform Batch Same Part Pricing Calculations

1. On the Batch Same Part Pricing tab, click Upload File.

Note: Before uploading a file, ensure your file is in the correct format.

2. Click Choose File. Select the desired batch file from your computer.

3. Select the appropriate Entry Type from the drop-down menu. Options include:

CAGE + Part Number

NSN/NIIN

Part Number

4. Select the appropriate Delimiter from the drop-down menu. Options include:

Comma (,)

Tab

Semicolon (;)

Space

Vertical bar (|)

5. Select the desired Learning Curve Slope from the drop-down menu. Options include:

Single CAGE

Multiple CAGE

Custom

Note: After selecting Custom, you will need to enter a value into the provided Custom Slope field.

6. Under Quantity, select either:

Use quantity in file to use the part quantities specified in input file.

Override using to override the quantity settings in the input file. Choose the appropriate option from the drop-down menu. Options include:

o Average Range Low

o Average Range High

Note: Your selection will appear in the Quantity column of the Batch File Details grid.


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7. Click Upload. PriceEdge will populate the Batch File Details grid with:

Part (CAGE + Part Number, NSN, or Part Number): lists the valid parts in the batch input file.

Quantity: part quantity as specified in the file (if provided). If no quantity is provided in the file, PriceEdge will automatically select the HIGH quantity.

Item Name: the basic noun that identifies the item along with other data that describes its make, model, size, etc.

AMC/AMSC: the Acquisition Method Code (AMC) followed by the Acquisition Method Suffix Code (AMSC). AMC is a single-digit numeric code which indicates potential sources of supply for an item. AMSC is a one-character alphabetic designation that adds information about item acquisition restrictions to the AMC.

ML-C Price: the price DLA charges its customer for an item.

8. To download the report containing the calculated prices, click Download Batch Report. You will receive a message from PriceEdge when your batch report request is complete.

The Batch Report will download to your computer. You will need to extract the files (unzip) from the zip file before viewing. For more information, refer to Batch Reports.

The Batch Report contains the part (CAGE + Part Number, NSN, or Part Number), Quantity (BUM), Regressed Unit Price, Selected Price Point, Selected Date, Selected Contract, Selected CAGE, Selected Quantity, Selected PRC, Learning Curve (LC) Slope, and LC Adjusted Price.

Figure 10: Sample Batch Report, which contains columns for NSN, CAGE, Partnum, Quantity, Regressed Unit Price, Selected Price Point, Selected Date, Selected Contract, Selected CAGE, Selected Quantity, Selected PRC, Learning Curve (LC) Slope, and LC Adjusted Price.

IHS Markit PriceEdge User Manual | Universal Detail Buttons

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Universal Detail Buttons On the right side of all PriceEdge screens are buttons that provide detailed information for the selected part; they are: Contract History, Contract Price Trends, BLS Index Trends, Part Numbers, PID Specifications, Item Description, and Technical Properties. These universal detail buttons are available on all PriceEdge screens. To select one of the detail buttons you must first search for a part.

Note: When a part does not map to an NSN/NIIN, certain data becomes unavailable, including: Part Details, Part Numbers, PID Specifications, Item Description, and Technical Properties. Note: If the part does not map to an NSN/NIIN but is found in the database, some data (Contract History, Contract Price Trends, and BLS Index Trends) may be available.

Contract History

PriceEdge displays Contract History through three distinct views:

Procurements by Price Point

Procurements by Contract

Procurements by Date

Procurements by Price Point

To view procurements by price point, click the Procurements by Price Point button above the grid. PriceEdge generates a summary of the price points for the part at the indicated quantities arranged by award date.

The Procurements by Price Point view displays:

Contract/PO Number: A thirteen-position alpha/numeric identification assigned to a document used to communicate a government award to a contractor.

Award Date: The date that a Purchase Order was established between an entity and a supplier.

Price Points: The price point for the specified quantity range.

Data Source: The source of the contract data.


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Figure 11: Example of Procurements by PricePoint in Contract History

Procurements by Contract

To view procurements by contract, click the Procurements by Contract button above the grid. PriceEdge generates a summary of each award (and associated Delivery Orders) for the selected part arranged by award date.

The Procurements by Contract view displays:



X1/PO Line, X2, X3: Details about a specific PO line.

QTY: The quantity of the part in SUM.

Price: The unit price of the line item.

Total Price ($): The total price of delivery orders for the contract/PO.

Vendor: The code used to identify the vendor.

Company Name: The Company Name that identifies the vendor.

Flag: The code that characterizes the nature and quality of the price analysis. This may be a PRC or the buyer’s specified code.

Excluded: An exclamation symbol in the Excluded column indicates that a line item was not used in the price point calculation with the reason specified next to the symbol. The reason codes are:


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o PRC: The PRC associated with the procurement excludes it from the price point calculations.

o HIGH: The procurement price is a high outlier. (See: How are outliers calculated)

o LOW: The procurement price is a low outlier. (See: How are outliers calculated)

o CNCL: The transaction was cancelled.

o CNUM: The contract number is invalid.


Note: The PRC Information link at the top right of the window links to the Defense Logistics Acquisition Directive (DLAD), which contains additional information about PRCs and their meanings.

Figure 12: Example of Procurements by Contract in Contract History

Procurements by Date

To view procurements by date click the Procurements by Date button above the grid. Procurements by Date generates a summary of all awards for the selected part sorted by date with the most recent first.

The Procurements by Date view displays:



X1/PO Line, X2, X3: Details about a specific PO line.

QTY: The quantity of the part in SUM.


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Price: The unit price of the line item.

Total Price ($): The total price of delivery orders for the contract/PO.

Vendor: The code used to identify the vendor.

Company Name: The Company Name that identifies the vendor.

Flag: The code that characterizes the nature and quality of the price analysis. This may be a PRC or the buyer’s specified code.

Excluded: An exclamation symbol in the Excluded column indicates that a line item was not used in the price point calculation with the reason specified next to the symbol. The reason codes are:

o PRC: The PRC associated with the procurement excludes it from the price point calculations.

o HIGH: The procurement price is a high outlier. (See: How are outliers calculated)

o LOW: The procurement price is a low outlier. (See: How are outliers calculated)

o CNCL: The transaction was cancelled.

o CNUM: The contract number is invalid.


Note: The PRC Information link at the top right of the window links to the Defense Logistics Acquisition Directive (DLAD), which contains additional information about PRCs and their meanings.

Figure 13: Example of Procurements by Date in Contract History


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Contract Price Trends

Contract Price Trends is a box and whisker plot that displays statistical information about the award prices for the loaded part’s previous procurements.

The x-axis (horizontal) displays the years for which the part has a procurement history (10 maximum).

The y-axis (vertical) displays the award price range.

The red line across the center of the chart represents the average price over the period for which there is available procurement history.

The plot point in the box indicates the average of the unit prices for the given year.

The box represents the inter-quartile range (IQR) or the range in which most of the unit prices are contained. The IQR is from the first quartile to the third quartile.

The boxes across the chart each represent one range of prices (quartiles) for a year. Any points outside of the lines or boxes are outliers.

The whiskers start at the smallest non-outlier observation and end at the largest non-outlier observation.

The whiskers extend to the minimum and maximum of the unit prices or the smallest and largest values within 1.5 times the inter-quartile range from the first quartile and third quartile respectively.

Note: Hover anywhere in a box to see the price range for that quartile (minimum, maximum, median, Q1, and Q3 are given).

Figure 14: Example of Contract Price Trends


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BLS Index Trends

PriceEdge uses a technical characteristics database to determine the top three most relevant BLS indices to use in calculating pricing, displayed in BLS Index Trends.

To toggle between the Index 1, Index 2, and Index 3 graphs, select one of the three buttons at the top of the graph.

Figure 15: Example of BLS Index Trends

Note: Gaps in available data for a part will result in corresponding gaps in the graph.

Part Numbers

The Part Numbers dialog generates all of the listed part numbers for the searched or mapped NSN/NIIN.

Note: Part Numbers will be unavailable if the entered part does not map to an NSN.

It displays the:

Part Number


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CAGE

RNCC (Reference Number Category Code)

RNVC (Reference Number Variation Code)

Note: At the bottom of the dialog PriceEdge provides common RNCC/RNVC combinations from the FLIS Procedures Manual Item Identification (http://www.dtic.mil/whs/directives/corres/pdf/410039m/410039m_vol04.pdf)

Figure 16: Example of Part Numbers dialog

PID Specifications

The PID Specifications dialog generates a list of the documents found in FLIS (Federal Logistics Information System). It displays the:

Document Number

Document Date

Reference Code

Amendment Number

Amendment Date

Specification

http://www.dtic.mil/whs/directives/corres/pdf/410039m/410039m_vol04.pdf


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Figure 17: Example of PID Specifications

Note: PID Specifications will be unavailable if the entered part does not map to an NSN.

Item Description

The Item Description dialog provides a detailed description of the part.

Figure 18: Example of Item Description

Note: Item Description will be unavailable if the entered part does not map to an NSN.

Technical Properties

The Technical Properties dialog displays recorded technical characteristics of the part, including:

MRC (Material Reference Code)

Statement


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Reply

Figure 19: Example of Technical Properties

Note: Technical Properties will be unavailable if the entered part does not map to an NSN.

IHS Markit PriceEdge User Manual | Reports

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Reports PriceEdge generates the following reports: the Part Details Report, the Similar Part Pricing Report, the Model Report, the Same Part Pricing Report, and the Batch Report.

Note: Each PriceEdge report is available on the tab to which it corresponds.

Part Details Report

The Part Details Report contains all information generated on the Part Details tab, including your entered notes.

Figure 20: Page 1 of sample Part Details Report


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Similar Part Pricing Report

The Similar Part Pricing Report contains all entered price information, corresponding calculations and learning curves, Contract History, and Contract Price Trends, BLS Index Trends, and your entered notes.

To view the Similar Part Pricing Report, you must first perform a Similar Part Pricing calculation. After performing the calculation, click the Similar Part Pricing Report button under the Same Part Pricing calculator.

Figure 21: Page 1 of sample Similar Part Pricing Report

Model Report

The Model Report contains information from the statistical model used to determine similar part pricing. The Model Report is available for Similar Part Pricing inquiries. The Model Report


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provides data on the individual statistical model generated for that unique set of data, on the entire series (FSC) to which that model belongs, and on the Regressed Unit Price.

To view the Model Report for a Similar Part Pricing inquiry, you must first perform a Similar Part Pricing calculation. After performing the calculation, click the Model Report button under the Similar Part Pricing calculator.

Figure 22: Page 1 of sample Model Report

Note: You must complete a Similar Part Pricing calculation before you can generate a Model Report.

Use the below chart as a guide when interpreting the Model Report.

Series R^2 Series sMAPE

Great >.98 <10

Good >.95 <12


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Satisfactory >.90 <18

Questionable <.70 >25

Selected Model Series Data

Series model data refers to the data in the Model Report about the group of models generated for the series. The series is the part’s FSC.

Selected Model Series Data Definitions

Property Definition

FSC The FSC.

Contract Type The contract type or types of the model series.

Start Date The date of the earliest procurement in the database.

End Date The date of the latest procurement in the database.

Create Date The date the Cruncher created the series.

Low Price The low value in Base Unit of Measure (BUM) of the award prices for the series.

High Price The high value in Base Unit of Measure (BUM) of the award prices for the series.

Number of Models The total number of models for the entire series.

Number of Points The total number of data points (part awards) that were used to create all the models for the series.

Points/Model The average number of points in a model for the FSC.

R^2 The R-squared value for all of the models in the group.

sMAPE Symmetric Mean Absolute Percentage Error (sMAPE) is an accuracy measure based on percentage (or relative) errors for the part's Regressed Unit Price.

Selected Model Data

Model data refers to data in the model report that is specific to the model created for the part.

Selected Model Data Definitions


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Property Definition

Low Price The low value of the award prices used to create the model.

High Price The high value of the award prices used to create the model.

Number of Points The total number of data points (part awards) that were used to create the model.

Root Mean Square Error

The square root of the mean square error of all the errors in the model. This is analogous to a standard deviation.

LP Coefficient The coefficient of the last price (LP) in the linear regression calculation.

SLP Coefficient The coefficient of the second-to-last price (SLP) in the linear regression calculation.

CPV Coefficient The coefficient of the closest price (CPV) in the linear regression calculation.

Linear Regression Constant

The constant in the linear regression calculation.

Selected Price Data

Selected price data refers to the data in the model report that is specific to the Regressed Unit Price calculation.

Selected Price Data Definitions

Property Definition

Selected Price The optimal procurement price point based on quantity and time.

Closest Price by Volume (CPV)*

The price for the contract in the history where the volume is most similar to the volume for the contract price we are trying to predict within a reasonable timeframe.

CPV Price Date The date of the CPV award.

CPV Price Quantity The quantity associated with the CPV award.

Last Price (LP) The most recent award price.

LP Date The date of the LP award.


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LP Quantity The quantity associated with the LP award.

Second to Last Price (SLP)

The second-most recent price at which the part was purchased.

SLP Date The date of the SLP award.

SLP Quantity The quantity associated with the SLP award.

Base Contract’s Price Used in Model

Whether or not the Base Contract’s Price is a member of the segment used to generate the model.

BLS Index 1 The most relevant Bureau of Labor Statistics Index for this part.

BLS Index 1 Weight The weight given to BLS Index 1 when escalating the price to current dollars.

BLS Index 2 The second most relevant Bureau of Labor Statistics Index for this part.


BLS Index 3 The third most relevant Bureau of Labor Statistics Index for this part.


* Closest Price by Volume is the price used to select the model.

Same Part Pricing Report

The Same Part Pricing Report contains all entered price information and corresponding calculations, BLS data and price adjustment, quantity adjustment information and learning curves, Contract History, and Contract Price Trends, BLS Index Trends, and your entered notes.

To view the Same Part Pricing Report, you must first perform a Same Part Pricing calculation. After performing the calculation, click the Same Part Pricing Report button under the Same Part Pricing calculator.


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Figure 23: Page 1 of sample Same Part Pricing Report

IHS Markit PriceEdge User Manual | Administrative and Support Functions

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Administrative and Support Functions Obtain information about PriceEdge through the About modal, access PriceEdge documentation in the Help Center, and contact Customer Care through the administrative and support functions.

Exit PriceEdge

To exit PriceEdge and release your license:

Figure 24: Exit PriceEdge link at top of PriceEdge screen

1. Click the Exit PriceEdge link at the top of the screen.

2. PriceEdge will present a message notifying you that your license was released and is available to other PriceEdge users.

3. Close your tab, window, or browser. Return to Haystack to access PriceEdge again.

Help

To access the Help Center from PriceEdge:

Figure 25: Help button at top of PriceEdge screen

1. Click Help at the top of the PriceEdge screen.

2. From the PriceEdge Help Center, select one of the following options:

Online User Guide: interactive, online manual that contains a glossary, index, and search feature

o Index: use the index to identify and further explore key concepts of interest.

o Search: use the search feature to enter your own keyword of interest.

Online Quick Start Guide: abbreviated introduction to PriceEdge that includes a glossary and search feature

User Guide PDF: downloadable and printable manual that includes a glossary and index. This is the PDF version of the online user guide

Quick Start Guide PDF: downloadable and printable introduction to PriceEdge. This is the PDF version of the online quick start guide.

Glossary PDF: downloadable and printable listing of all relevant PriceEdge terms and their definitions


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PriceEdge Technical Resource: downloadable and printable description of PriceEdge’s system analytics and pricing methodology

Customer Care

To access Customer Care contact information, click Customer Care at the bottom of the PriceEdge screen.

Figure 26: Customer Care link at bottom of PriceEdge screen

For questions or concerns with PriceEdge, please contact the support team for assistance.

IHS Customer Care IHS 15 Inverness Way East Englewood, Colorado 80112 USA

IHS Customer Care Americas +1 800 IHS-CARE (+1 800 447-2273) [email protected]

Europe, Middle East & Africa +44 (0) 1344 328 300 [email protected]

Asia and the Pacific Rim +604 291 3600 [email protected]

About

To access the About modal, click About at the bottom of the PriceEdge screen.

Figure 27: About link at bottom of PriceEdge screen

The About modal provides:

Version Number

mailto:[email protected]




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Build #

Date that the Model Database was last updated

Date that the Contract History Database was last updated

Copyright Notice and Disclaimer

IHS Trademarks

Copyright Information link

Figure 28: About modal, which contains the PriceEdge version number and build number, dates on which databases were updated, copyright notice and disclaimer, trademarks, and copyright information link

IHS Markit PriceEdge User Manual | Frequently Asked Questions

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Frequently Asked Questions

How do I find out what version of PriceEdge I’m using?

To find out what version of PriceEdge you are using, access the About modal by clicking About in the PriceEge footer. The version number is displayed directly under the IHS Markit logo. The current version of PriceEdge is 3.0.

What internet browsers does PriceEdge support?

PriceEdge supports the following browsers:

Google Chrome

Mozilla Firefox

Microsoft Internet Explorer 9 and newer

Before performing my Web Search, I selected the option to automatically open results in new windows. Why didn’t the results automatically open?

Before performing your search, you must disable popup blockers to ensure that the search queries automatically open in new windows or tabs. Note that the method for disabling popup blockers may vary by browser type.

How should I evaluate a Regressed Unit Price?

1. Perform a Similar Part Pricing calculation.

2. Review and evaluate the Regressed Unit Price and Quantity Adjusted Unit Price.

3. Review and evaluate the part’s contract history by clicking the Contract History detail button. View procurements by price point, contract, and date.

4. Review and evaluate the Contract Price Trends.

5. Review and evaluate the BLS Index Trends.

6. Review the Similar Part Pricing Report.

7. Review and evaluate the Model Report.

How does PriceEdge determine which line items to exclude from price calculations?

PriceEdge may exclude a line item from its price calculations for one of the following reasons:

PRC: The PRC associated with the line item is considered invalid. Procurement records with the following PRCs are excluded from PriceEdge calculations: BU, BV, BW, BX, BY, CU, CV, CX, CY, FU, FV, FX, PU, PV, PX, PY, SY, VY, XX, XY.

HIGH: The procurement price is a high outlier. (See: How are outliers calculated)


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LOW: The procurement price is a low outlier. (See: How are outliers calculated)

CNCL: The transaction was cancelled.

CNUM: The contract number is invalid.

How are outliers calculated?

To calculate outliers, PriceEdge takes the raw procurement records, arranges them from earliest to latest, and segments them by year. For each year, PriceEdge finds the median price for that year, the previous year, and the following year. PriceEdge then designates any price greater than 5 times the median price or less than 1/5th the median price to be an outlier for that particular year. Outliers are excluded from the price point calculations.

Can I use the average range low or average range high to calculate pricing on the Same Part Pricing tab?

You cannot use ARL or ARH on the Same Part Pricing tab, but if you want to calculate pricing for a part using LOW or HIGH, save the part(s) in a .txt or .csv format, and upload the file on the Batch Same Part Pricing tab. Make sure that your input file is in the proper format.

Examples of correct formatting:

1234-56-789-0123,LOW

1234-56-789-0123,HIGH

Remember that you can also use the Contract History detail button to see pricing, quantity, and other information on the most recent procurements.

I calculated pricing on the Similar Part Pricing tab and generated a Model Report, but no data is displayed for Selected Model Series Data or Selected Model Data. Why?

In order to generate Similar Part Pricing, there must be sufficient data for the part and model. In some cases there is insufficient data for the model, as opposed to the individual part. Models are created by FSC and price range, so if there is insufficient data for FSC and price range, it’s possible that PriceEdge won’t create a model.

How do I create a .txt file?

You can create a .txt file from an Excel file as long as the only text in the file include the parts, delimiters, and quantities. To save an Excel spreadsheet as a .txt file, go to File Save As From the Save as Type drop-down, select Text (Tab Delimited).

You can also create a .txt file using Notepad, which is the default text editing program included with the Windows Operating System. For most operating systems, you can open Notepad by opening the Start Menu then viewing All Programs Accessories Notepad. A file saved in Notepad will be in the .txt format.

Can I calculate prices for a batch file without listing specific quantities?


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Yes. You can calculate a batch of prices (Regressed Unit Prices) using either the average range low (ARL) or average range high (ARH) taken from the procurement history. There are several ways to do this:

Instead of specifying numeric quantities in the input file, use “LOW” for the average range low or “HIGH” for the average range high.

o For example: 1234-56-789-0123,LOW

If no quantity is entered, the quantity is invalid, or “0” is entered as a quantity, PriceEdge will automatically use the ARH quantity.

Before uploading a file to the Batch Same Part Pricing tab, locate the Quantity box and select Override using. Then select either Average Range Low or Average Range High. This will apply the ARL or ARH to each part in the list.

I entered notes in the Notes for Generate Package dialog. Why were they cleared?

PriceEdge may have cleared your notes for a couple of reasons:

PriceEdge clears notes if the part in the global search bar is modified or cleared. Upon clearing, all corresponding data, including notes, is also cleared.

PriceEdge also clears notes if your session ends. If you close the browser tab or window, or if your session expires, PriceEdge will clear your notes.

To preserve your notes, make sure to generate a package or the appropriate report before changing the part or ending the session. PriceEdge will alert you if you perform an action that may clear your entered notes.

IHS Markit PriceEdge User Manual | Glossary

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Glossary

Aggregate Value

A value (for Single CAGE or Multi CAGE) derived from the combined total of all parts in the database.

AMC/AMSC

The Acquisition Method Code/Acquisition Method Suffix Code (AMC/AMSC) is a two character code that identifies potential sources of supply and acquisition restrictions.

Average Range High

Average range high tends to result in the lowest Regressed Unit Prices as part quantity is usually inversely related to cost.

Average Range Low

Average range low tends to result in the highest Regressed Unit Prices as part quantity is usually inversely related to cost.

Award History

The award history is a list of awards compiled from DIBBS. Each entry in the history includes an NSN, a contract number, a CAGE code, award date, and the total contract price.

Base Contract

A contract from a past buy to use in calculating the Quantity Adjusted Unit Price and Quantity Adjusted Total Price. When a Solicitation Quantity is entered, Base Contract options will be generated based on the loaded NIIN’s Contract History.

Batch Report

A Batch Report is the downloadable output from a Batch NSN Request. Batch Reports contain Regressed Unit Prices along with other important part information.

Batch Request

A batch request is a request for PriceEdge to calculate several different parts and quantities in one operation.

BLS Adjusted Total Price

The contract’s total price adjusted to today’s dollars.


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BLS Adjusted Unit Price

The contract’s unit price adjusted to today’s dollars.

BLS Index Trends

The BLS Index Trends display data from the top 3 most relevant BLS indices used in calculating similar and same part pricing.

Bureau of Labor Statistics

The Bureau of Labor Statistics (BLS) is the principal fact-finding agency for the federal government in labor economics and statistics.

CAGE

A Commercial and Government Entity Code (CAGE) is a five character vendor ID number used within the Department of Defense.

Contract History

Includes details of past procurements in 3 different views: price point, contract, and date. Contract History includes a Contract Number, Award Date, NSN, Quantity, Unit Price and the CAGE Code for the order.

Contract Price Trends

Contract Price Trends is a box and whisker plot that shows the distribution of award prices from the first year of procurement history to the most recent date for the selected NSN.

Cruncher

The Cruncher is a function in PriceEdge that automates the processing of FSCs. It determines when and how often data is acquired and models are generated and regenerated.

Data Source

Data Source in the contract history identifies the source of the contract history and part data provided. Data source may either say IHS to represent FLIS data, or another company name to represent corporate contract history.

Delimiter

A delimiter is a character that separates two separate strings of data. Most commonly, delimiters are commas, semi-colons, and spaces. In PriceEdge, a delimiter does not need to be specified. You can simply upload an entire file of NSNs (1 per line) and be able to price parts.


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FSC

Federal Supply Class (FSC) specifies the federal supply category for an NSN. It is the first four digits of an NSN.

Flag

Flag in the contract history indicates the nature of the buyer's pricing analysis. For DLA contracts, the two-digit PRC is used. Otherwise, the buyer's specific pricing code(s) may be used.

IHS Markit PriceEdge

IHS Markit PriceEdge is a SaaS tool that aids pricing teams in determining how to bid to win in the context of the current market.

Item Name

The proper noun name of an NSN.

Learning Curve Slope

The value that the price decreases by when the quantity is doubled.

ML-C Price

ML-C Price from the FLIS database.

Model

When the PriceEdge Cruncher analyzes a particular group ID, it collects all NSNs procured within the last three years in that Group (or FSC) and sorts them by increasing award price. The list is then parsed using a statistical test and the list is chopped into partitions of 10 NSNs. Each partition is one model.

Model Density

The range of prices covered divided by the number of data points

MRC

(Material Reference Code) A three letter designation which identifies a type of technical characteristic.

NIIN

(National Item Identification Number) A 9-digit numeric code which uniquely identifies an item of supply. It is the last nine digits of an NSN.


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NSN

(National Stock Number) Uniquely identifies a part. It is a 13-digit numeric code. The first four digits identify the FSC and the next nine digits are the NIIN.

Offer Price

The price that is being offered.

Offer Price Percent Difference

The percent difference between the Offer Price and Quantity Adjusted Unit Price. A negative value indicates that the Offer Price is lower than the Adjusted Unit price. A positive value indicates that the Offer Price is higher than the Adjusted Unit Price.

Part Number

The vendor's part number.

PRC

The Price Reasonableness Code (PRC) is a 2 character code that characterizes the quality of the government's price analysis when it purchased the item(s) associated with a procurement record.

Price Range

The range of prices to search for.

Procurement

A contracted sale of an NSN.

Quantity Adjusted Total Price

The total price of a current buy of the Solicitation Quantity at the Quantity Adjusted Unit Price (Solicitation Quantity x Quantity Adjusted Unit Price).

Quantity Adjusted Unit Price

The expected unit price of a current buy at the specified Solicitation Quantity based on the selected Learning Curve Slope.

Regressed Total Price

PriceEdge uses the part’s last price, second to last price, closest price by quantity, and BLS Index Trends to calculate the Regressed Unit Price. This value is then multiplied by the user-entered Solicitation Quantity for the Regressed Total Price. This price does not reflect quantity adjustment.


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Regressed Unit Price

PriceEdge uses the part’s last price, second to last price, closest price by quantity, and BLS Index Trends to calculate the Regressed Unit Price. This price does not reflect quantity adjustment.

Reply

The value that corresponds to the MRC and Statement.

Root Mean Square Error

The Root Mean Square Error (RMSE) is the square root of the mean square error of all the errors in the model. This is analogous to a standard deviation.

Same Part Pricing

Calculates price estimates based on contract data associated with the same NSN.

Series

Used by PriceEdge to perform a Similar Part Pricing calculation. It is an identifier of the model used to generate the Regressed Unit Price. The series ID is the FSC.

Similar Part Pricing

Calculates price estimates based on other NSNs with similar contract data.

Solicitation Quantity

The quantity a user enters to calculate the Quantity Adjusted Unit Price and Quantity Adjusted Total Price.

Solicitation/Contract Quantity Ratio

The ratio of the Solicitation Quantity to the Base Contract Quantity. The closer the ratio is to 1.00, the closer the two quantities are.

Statement

A description of a technical characteristic (for example, material or weight).

IHS Markit PriceEdge User Manual | Index

Index

A

About 47

AMC/AMSC Codes 8

B

BLS Index Trends 35

C

Contract History 30

Contract Price Trends 34

Customer Care 47

E

Evaluate Part Details 5

Exit PriceEdge 46

F

Faceted Browsing 22

FLIS Header (Segment A) 6

Format your Batch File 27

G

Glossary 52

H

Help 46

I

Item Description 37

M

Management List – Consolidated (ML-C) 7

Master Cross Reference List (MCRL) 7

ML-C Phrase Statement Data 8

Model Report 40

N

Navigate IHS Markit PriceEdge 1

P

Part Details Report 39

Part Numbers 35

Perform a Same Part Pricing Calculation 12

Perform a Similar Part Pricing Calculation 9

Perform a Similarity Search 17

Perform a Web Search 14

Perform Batch Same Part Pricing Calculations 28

PID Specifications 36

Procurements by Contract 31

Procurements by Date 32

Procurements by Price Point 30

S

Same Part Pricing Report 44

Search Field Behavior 18

Search Results 15

Search Syntax 15

Selected Model Data 42

Selected Model Series Data 42

Selected Price Data 43

Similar Part Pricing Report 40

Similarity Search Results 21

Similarity Search Syntax 19

T

Technical Properties 37

U

Understand the Price Calculations 3

Understand the Same Part Pricing Calculation 13

IHS Markit PriceEdge User Manual | Index

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Understand the Similar Part Pricing Calculation 10

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