Enhancments to Prices Benchmarking

We’re excited to announce a key update to the ‘Prices’ feature in YAGRO Analytics, enhancing benchmarking accuracy and improving insights into your purchasing performance.

What’s New?

Comparison Shift: Median Price Benchmark

The benchmark for comparing chemical prices has shifted from the minimum price to the median price, providing a more realistic and actionable reflection of market conditions. This impacts multiple aspects of the Prices and Purchases pages:

Prices Page:

  • Previously, this displayed your percentage difference from the minimum price.

  • Now, it shows the percentage difference from the median price, offering a clearer and fairer benchmark for typical market performance.

Purchases Page:

  • Previously, overspend calculations were based on the minimum price.

  • Now, overspend is calculated as the difference from the median price, highlighting more attainable cost-saving opportunities.

Buying Score Enhancements

This update also brings improvements to the Buying Score, which now provides a more balanced assessment of purchasing performance:

  • Price Range Adjustments: The logic accounts for whether the market’s price range is narrow or wide, ensuring fairness and relevance.

  • Weighted Scoring: Your final Buying Score is a weighted average of individual product scores, where weights are based on your actual spend per product.

Here’s how purchases are now scored:

  • At or near the median: A balanced score of 7.5 out of 10 (reflecting a typical purchasing strategy).

  • Below the median: Scores higher, with the lowest price scoring 10.

  • Above the median: Scores lower, with the highest price in the market scoring 1.


Illustrative Example of Scoring


What This Means for You

  • Fairer Benchmarking: By shifting to the median, comparisons reflect a more typical and realistic market scenario, rather than outliers at an extreme.

  • Actionable Overspend Insights: Overspend is now calculated against the median, providing a clearer view of practical cost-saving opportunities.

  • Balanced Buying Score: Scores now align more closely with the market’s middle ground, helping you gauge performance effectively while rewarding cost efficiency.

Why the Change?

These updates address feedback from users who found minimum-price-based benchmarking less relevant for actionable decision-making. By focusing on the median, we ensure that Prices and Purchases pages offer more meaningful and practical insights for managing your farm’s chemical spend.

Explore the Update

This update is live. Log in to your Analytics account to experience the enhanced Prices and Purchases pages. These changes are designed to empower you with greater clarity and control over your purchasing strategies.

If you have any questions or need assistance, the team is here to help.

The YAGRO Team