Upcoming Webinar: Inflation Watch – Introducing the future of inflation management in procurement with Siemens Energy and Beroe

Inflation and market volatility are among the most significant challenges facing procurement teams today, disrupting budgets, supply chains, and cost predictability. Traditional forecasting methods, historically built on broad national inflation indicators, have failed to provide the precision and granularity required to quickly make informed decisions in an era of increased volatility. Without the right tools, organizations will struggle to anticipate price fluctuations, negotiate effectively with suppliers, and thus maintain control over costs.

Recognizing this challenge, Siemens Energy and Beroe joined forces to collaborate on the development of Inflation Watch, the industry’s first AI-powered cost intelligence platform specifically designed to deliver context-rich, real-time, industry-specific inflation insights directly into procurement workflows. Integrating more than 1,200 cost driver data streams, Inflation Watch enables procurement professionals to move beyond outdated inflation models and instead take a proactive, data-driven approach to cost management.

Inflation Watch goes over and above

Purpose-built for procurement professionals, the Inflation Watch solution offers real-time, data-driven insights into inflation management. For the first time, procurement teams can access granular, category-level data, giving unmatched transparency into supplier pricing. With the ability to simulate inflation impacts, they can now forecast cost fluctuations accurately, enabling smarter budgeting and financial planning. 

Armed with this data, teams can negotiate more effectively, and confidently challenge price increases when necessary. Designed to seamlessly integrate into existing procurement workflows, Inflation Watch ensures that insights are embedded in sourcing and contract decisions. The solution has been designed specifically to help procurement professionals stay ahead of market volatility, making proactive decisions rather than reacting to unexpected changes.

Today, Siemens Energy is using Inflation Watch to standardize inflation tracking across more than 1,400 cost structures, and it supports daily decision-making for more than 500 procurement professionals. The tool has transformed how Siemens Energy’s teams forecast, benchmark supplier pricing, and manage cost risks in an unpredictable market.

See Inflation Watch in action

To demonstrate how Inflation Watch can help procurement teams take control of cost volatility, Siemens Energy and Beroe are hosting a webinar, From Volatility to Visibility: Unlock Smarter Inflation & Cost Management, on April 2^nd. 

The session will feature in-depth discussion, with insights from senior procurement strategists at Siemens Energy and Beroe’s technology experts, covering:

• The need for Inflation Watch – Find out how increasing global uncertainty exposed the limitations of traditional inflation forecasting.
• How Inflation Watch was built – Take a look behind-the-scenes at the successful collaboration between Siemens Energy and Beroe to develop and deploy a scalable, AI-driven solution.
• Real-world impact of Inflation Watch – Hear how teams at Siemens Energy are using Inflation Watch today to enhance supplier negotiations, drive cost efficiency, and improve financial planning.
• Live Demo – Experience Inflation Watch in action and understand how it could be used to support your procurement function.

This webinar is a must-attend session for procurement leaders looking for ways to achieve improvements in addressing inflation management.

Register now to attend and learn how Inflation Watch can help your organization make smarter, more data-driven procurement decisions.

Date: Wednesday April 2^nd 2025
Time: 1500 GMT