Free should-cost modelling

The price your supplier quoted.
The price it should be.

Build a should-cost model for any product in minutes. Map each component to a live price index from FRED, Eurostat, and the World Bank. Walk into every negotiation with the number already worked out.

Build your should-cost model free
Free · no credit card · 60-second setup
Data fromFREDEurostatWorld BankFAOEIAUSDADBnomics
P
Should-Cost Model
Sample · HVAC housing
Product
HVAC compressor housing
Supplier quote
$148.00
12-month trend
QuoteShould-cost
$148$109Apr ’25Apr ’26
Negotiation gap
Quote vs modelled should-cost
+$39.00
35.8% above model
2,228
Price indices
118
Countries
7
Official data sources
$0
To start · no card
The shift

From “take the supplier’s word for it” to actually knowing.

Before

Supplier says aluminum is up 12%.

With ProcureIndex

Aluminum is up 4.2% on LME. The other 7.8% is margin expansion.

Before

Mintec quoted us $42K/year for 5 seats.

With ProcureIndex

2,228 indices, same sources, free to start. $31/mo for a Pro seat.

Before

Category reviews take 2 weeks of data pulling.

With ProcureIndex

Live dashboard. AI brief every Monday. 10 minutes.

Product tour

One tool for the questions procurement teams can’t answer fast enough.

Build should-cost models, explore 2,228 indices, read the AI brief, and set alerts — all in one place, all in a browser tab.

Your #1 negotiation weapon

Know what the price should be — before the meeting.

Break any product into cost components mapped to live price indices. Aluminum, resin, energy, labor. Your model updates automatically when the underlying indices move — so "raw materials went up" is never a blind answer again.

  • AI extracts components from a supplier contract in 60 seconds
  • Weighted cost stack built from FRED, Eurostat, World Bank, EIA
  • Branded PDF / Excel / PPTX for your next negotiation
Try it free
P
Should-Cost Model
Sample · HVAC housing
Product
HVAC compressor housing · cast aluminum
Supplier quote
$148.00
12-month trend · quote vs should-cost
QuoteShould-cost
$148$109Apr ’25Apr ’26
Gap widened from $5 → $39 / unit+36% above model
Aluminum ingot42%
FRED · WPU10250105
+4.2%$45.78
Casting & machining28%
FRED · PCU3315
+1.3%$30.52
Surface coating9%
FRED · PCU325510
-0.8%$9.81
Electricity (US)8%
EIA · Industrial
-1.2%$8.72
Logistics (US)6%
BLS · Truckload PPI
-2.4%$6.54
Supplier margin7%
Target 7%
0.0%$7.63
Modelled should-cost
$109.00
Negotiation gap
Supplier quote vs modelled cost
+$39.00
35.8% above model
How it works

From “we should look at this category” to a defensible number — in under 10 minutes.

01

Drop in a contract or product

Upload a supplier quote, paste a spec, or start from a blank should-cost model. AI extracts the cost components.

02

Map to live indices

Each component is mapped to an index from FRED, Eurostat, World Bank, or EIA. You control the weights and mapping.

03

Walk in with data

Export a branded PDF. Set alerts for the next move. The next price-hike email gets a data-backed reply, not a shrug.

Built for procurement. From senior buyer to CPO.

Category managers

Build the should-cost model once. It updates automatically. Know exactly when to renegotiate, before supplier asks.

Sourcing analysts

Compare supplier quotes against market benchmarks in seconds. Find outliers, validate proposals, document your numbers.

Procurement directors

Real-time view of cost pressure across the portfolio. Stop being surprised in QBRs. Walk in with the number already modelled.

CPOs & VPs

Give every category manager Mintec-grade data without the Mintec budget. Standardise how your team talks to suppliers.

Pricing

Free to start. $31/mo when you’re ready.

Free tier isn’t a teaser — it runs a real negotiation end-to-end. Upgrade when you need volume and branded deliverables.

Free

Enough to run a full negotiation end-to-end.

$0
  • Browse 2,228 price indices
  • 3 should-cost analyses / month
  • 1 AI market brief / week
  • 30 natural-language searches / day
  • CSV export
  • 1 saved basket, 1 saved cost model
Build your first model

Pro

Most popular

One procurement practitioner, running real deals.

$31/mo billed annually · $39 monthly
  • 30 should-cost analyses / month
  • AI market brief on demand
  • Branded PDF / Excel / PPTX exports
  • Price alerts on indices + baskets
  • Unlimited saved baskets and cost models
  • Priority email support
Start with ProNeed 5+ seats? Talk to us for volume pricing →

Enterprise

For procurement teams with SSO, RFPs, and category breadth.

CustomFrom 5 seats · annual contract
  • Everything in Pro, per seat
  • SSO / SAML, SOC 2 on request
  • Custom index curation for your categories
  • Dedicated onboarding with category managers
  • Procurement-friendly invoicing (PO, NET-30)
  • Priority support with SLA
Talk to sales
All prices in USD. Billed via Lemon Squeezy. Cancel anytime.

Questions procurement teams ask.

ProcureIndex pulls the same underlying government and central-bank series those providers repackage — FRED, Eurostat, World Bank, EIA, USDA, FAO, DBnomics. You get 2,228 indices and should-cost tooling free, with Pro at $31/mo instead of $8K–$40K per seat per year. No sales call required.

Every index is sourced directly from the originating public agency — FRED (US Federal Reserve), Eurostat (EU), World Bank, FAO, EIA (US Energy), USDA, and DBnomics. Each chart shows the source and series ID so you can cite it in supplier conversations and internal reviews.

Yes — upload a PDF or paste a quote. The model extracts cost components, suggests the matching index for each, and builds a weighted cost stack you can edit. You stay in control of the weights and the mapping. The output is yours, not a black box.

Your uploaded contracts, cost models, and baskets are private to your account. We don’t train models on your data, don’t share it with suppliers, and don’t surface it to other users. Full details on the privacy page.

Three should-cost analyses and one AI brief per week is enough to run a real negotiation — that’s the point. Pro unlocks volume, branded exports, and alerts. Cancel anytime.

Your next supplier quote doesn’t have to be a mystery.

Build your first should-cost model in 60 seconds. Free. No credit card. No sales call.

Build your should-cost model
2,228 indices
7 official data sources
Free forever