A value (for Single CAGE or Multi CAGE) derived from the combined total of all parts in the database.

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1 Glossary Aggregate Value A value (for Single CAGE or Multi CAGE) derived from the combined total of all parts in the database. AMC/AMSC The Acquisition Method Code/Acquisition Method Suffix Code (AMC/AMSC) is a two character code that identifies potential sources of supply and acquisition restrictions. Average Range High Average range high tends to result in the lowest Regressed Unit Prices as part quantity is usually inversely related to cost. Average Range Low Average range low tends to result in the highest Regressed Unit Prices as part quantity is usually inversely related to cost. Award History The award history is a list of awards compiled from DIBBS. Each entry in the history includes an NSN, a contract number, a CAGE code, award date, and the total contract price. Base Contract A contract from a past buy to use in calculating the Quantity Adjusted Unit Price and Quantity Adjusted Total Price. When a Solicitation Quantity is entered, Base Contract options will be generated based on the loaded NIIN s Contract History. Batch Report A Batch Report is the downloadable output from a Batch NSN Request. Batch Reports contain Regressed Unit Prices along with other important part information. Batch Request A batch request is a request for PriceEdge to calculate several different parts and quantities in one operation. BLS Adjusted Total Price The contract s total price adjusted to today s dollars. GLOSSARY GLOSSARY 1

2 BLS Adjusted Unit Price The contract s unit price adjusted to today s dollars. BLS Index Trends The BLS Index Trends display data from the top 3 most relevant BLS indices used in calculating similar and same part pricing. Bureau of Labor Statistics The Bureau of Labor Statistics (BLS) is the principal fact-finding agency for the federal government in labor economics and statistics. CAGE A Commercial and Government Entity Code (CAGE) is a five character vendor ID number used within the Department of Defense. Contract History Includes details of past procurements in 3 different views: price point, contract, and date. Contract History includes a Contract Number, Award Date, NSN, Quantity, Unit Price and the CAGE Code for the order. Contract Price Trends Contract Price Trends is a box and whisker plot that shows the distribution of award prices from the first year of procurement history to the most recent date for the selected NSN. Cruncher The Cruncher is a function in PriceEdge that automates the processing of FSCs. It determines when and how often data is acquired and models are generated and regenerated. Data Source Data Source in the contract history identifies the source of the contract history and part data provided. Data source may either say IHS to represent FLIS data, or another company name to represent corporate contract history. Delimiter A delimiter is a character that separates two separate strings of data. Most commonly, delimiters are commas, semi-colons, and spaces. In PriceEdge, a delimiter does not need to be specified. You can simply upload an entire file of NSNs (1 per line) and be able to price parts. FSC Federal Supply Class (FSC) specifies the federal supply category for an NSN. It is the first four digits of an NSN. GLOSSARY GLOSSARY 2

3 Flag Flag in the contract history indicates the nature of the buyer's pricing analysis. For DLA contracts, the two-digit PRC is used. Otherwise, the buyer's specific pricing code(s) may be used. IHS Markit PriceEdge IHS Markit PriceEdge is a SaaS tool that aids pricing teams in determining how to bid to win in the context of the current market. Item Name The proper noun name of an NSN. Learning Curve Slope The value that the price decreases by when the quantity is doubled. ML-C Price ML-C Price from the FLIS database. Model When the PriceEdge Cruncher analyzes a particular group ID, it collects all NSNs procured within the last three years in that Group (or FSC) and sorts them by increasing award price. The list is then parsed using a statistical test and the list is chopped into partitions of 10 NSNs. Each partition is one model. Model Density The range of prices covered divided by the number of data points MRC (Material Reference Code) A three letter designation which identifies a type of technical characteristic. NIIN (National Item Identification Number) A 9-digit numeric code which uniquely identifies an item of supply. It is the last nine digits of an NSN. NSN (National Stock Number) Uniquely identifies a part. It is a 13-digit numeric code. The first four digits identify the FSC and the next nine digits are the NIIN. Offer Price The price that is being offered. GLOSSARY GLOSSARY 3

4 Offer Price Percent Difference The percent difference between the Offer Price and Quantity Adjusted Unit Price. A negative value indicates that the Offer Price is lower than the Adjusted Unit price. A positive value indicates that the Offer Price is higher than the Adjusted Unit Price. Part Number The vendor's part number. PRC The Price Reasonableness Code (PRC) is a 2 character code that characterizes the quality of the government's price analysis when it purchased the item(s) associated with a procurement record. Price Range The range of prices to search for. Procurement A contracted sale of an NSN. Quantity Adjusted Total Price The total price of a current buy of the Solicitation Quantity at the Quantity Adjusted Unit Price (Solicitation Quantity x Quantity Adjusted Unit Price). Quantity Adjusted Unit Price The expected unit price of a current buy at the specified Solicitation Quantity based on the selected Learning Curve Slope. Regressed Total Price PriceEdge uses the part s last price, second to last price, closest price by quantity, and BLS Index Trends to calculate the Regressed Unit Price. This value is then multiplied by the user-entered Solicitation Quantity for the Regressed Total Price. This price does not reflect quantity adjustment. Regressed Unit Price PriceEdge uses the part s last price, second to last price, closest price by quantity, and BLS Index Trends to calculate the Regressed Unit Price. This price does not reflect quantity adjustment. Reply The value that corresponds to the MRC and Statement. GLOSSARY GLOSSARY 4

5 Root Mean Square Error The Root Mean Square Error (RMSE) is the square root of the mean square error of all the errors in the model. This is analogous to a standard deviation. Same Part Pricing Calculates price estimates based on contract data associated with the same NSN. Series Used by PriceEdge to perform a Similar Part Pricing calculation. It is an identifier of the model used to generate the Regressed Unit Price. The series ID is the FSC. Similar Part Pricing Calculates price estimates based on other NSNs with similar contract data. Solicitation Quantity The quantity a user enters to calculate the Quantity Adjusted Unit Price and Quantity Adjusted Total Price. Solicitation/Contract Quantity Ratio The ratio of the Solicitation Quantity to the Base Contract Quantity. The closer the ratio is to 1.00, the closer the two quantities are. Statement A description of a technical characteristic (for example, material or weight). GLOSSARY GLOSSARY 5