Consistently and competitively generate market price estimates.
2Is Inc. Analytic Pricing Platform (2APP) is a Software as a Service (SaaS) tool that aids buyer teams in bidding competitively in the context of the current market. 2APP 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. 2APP increases buyer consistency in price reasonableness determination and supplier negotiations, reducing the time and cost required to prepare audit-ready awards.
2APP supports two methods of generating market price estimates to be used in price reasonableness analysis, in accordance with FAR 15.404-1(b)(ii):
2APP also offers part details, a multi-engine web search that queries many search engines simultaneously, and a similarity search functionality to locate similar parts.