Coming soon: Real-time insight into tariff and cost risks
Are hidden cost increases eroding your margins? With SourceDay’s new Item Price Risk Reports, you can now proactively identify and manage pricing risks across your supply chain, before they hit your bottom line.
This new report reveals potential cost risks on purchased items by detecting:
- Master Price Issues – Items where purchase order (PO) prices frequently differ from the expected price, suggesting outdated or inconsistent master pricing.
- Price Increasing Risks – Items that are currently 10% more expensive than they were one year ago.
With this data in hand, you can mitigate financial surprises from tariffs, vendor pricing shifts, or supply chain shocks—even when the root cause isn’t easily visible.
How Item Price Risk Report works
This report is designed to help procurement and finance teams quantify unplanned spend due to unexpected or rising item costs. It presents a prioritized view of your riskiest items based on:
- Unplanned Cost – Extra spend incurred when the invoiced PO price differed from the original agreed price over the past year.
- Increased Cost – Spend driven by price increases for the same item over the last 12 months.
This sorting method helps you focus on the most financially impactful issues first, especially where pricing misalignment or negotiation gaps might exist.
Report fields explained
| Category | Field | Description |
| Item Characteristics | Item Name | Name of the item/part |
| Item Description | Detailed item information | |
| Vendor Name | Supplier or vendor associated | |
| Order Total | Count of PO lines in the past year | |
| Avg Qty | Average ordered quantity per PO | |
| Approximate Spend | Projected annual spend on the item | |
| Impact Metrics | Spend Due to Price Increase | Total cost impact of YoY price hikes |
| Unplanned Spend | Total cost impact from PO price changes | |
| Supporting Data | Price Current Year Average | Avg unit price from 5 most recent POs |
| Price Prior Year Average | Avg unit price from 1 year ago | |
| YoY Price Change | Percent price increase over past year | |
| Price Increasing Risk | Flag: 10%+ price increase YoY | |
| Price Deviating Risk |
Flag: Significant PO price volatility |
How to run this report
Navigate to the reports area within SourceDay and select Item Price Risk Reports.
Once you select this report a pop-up window of Report Settings will open for you to set the parameters of the report using the available filters.
- Select from CSV or PDF format.
- Click "Notify when completed" to receive an email with a link to the report. When the report is complete it will be listed under Generated Reports. Be sure to review and download a copy because this report will only be available for 14 days.
- Select if you want to run this report one time or set up a schedule to pull this report regularly.