Material Cost Fluctuation

Material Cost Prediction App Forecast Smarter, Buy Better — With Data-Backed Price Predictions This Power BI App delivers an intuitive, interactive dashboard that visualizes raw material pricing trends and leverages machine learning forecasts to predict future costs. Designed for procurement, finance, and planning teams, it enables smarter sourcing, budget accuracy, and margin protection in volatile markets. With a seamless interface and customizable modeling, this app helps leaders compare past trends and future forecasts across key commodities—empowering confident, informed purchasing decisions. Key Highlights: Commodity Breakdown: View average historical prices of aluminium, copper, lead, crude oil, and silver from 2022–2024. 2025 Price Trend: Line chart of actual prices (Jan–Apr 2025) to compare ongoing reality against model predictions. Forecasting Matrices: Explore predicted monthly prices for 2025 using Random Forest, Holt-Winters, and Linear Regression models. Data Model Flexibility: Supports future integration with freight costs, currency effects, or vendor quotes. Interactive Slicers: Slice data by Year, Month, and Commodity to update all visuals dynamically. Ideal For: Procurement Teams looking to plan ahead with reliable price estimates. Finance Departments forecasting budgets with cost trends and AI-supported projections. Operations Leaders optimizing sourcing decisions using commodity-specific intelligence.