---
title: Medpricer Healthcare Supply Chain Insights | precision benchmarking
description: precision benchmarking | Learn powerful tips and strategies for decreasing costs in purchased services
---

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<https://blog.conductiv.com/supply-chain-tip-of-the-day-use-precision-benchmarking-for-purchased-services> <https://blog.conductiv.com/supply-chain-tip-of-the-day-use-precision-benchmarking-for-purchased-services>

## [Supply chain tip of the day: Use precision benchmarking for purchased services](https://blog.conductiv.com/supply-chain-tip-of-the-day-use-precision-benchmarking-for-purchased-services)

May 31, 2017

Product benchmarking can be based on simple ratios related to volume, price and geography. However, in purchased services, ratio benchmarks provide no insight into...

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