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What is the source data for the benchmarks?

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Written by Margaret Peng

The data used to develop the unit price benchmarks is sourced from over 100 energy and natural resources clients, which includes more than 2M global suppliers, 120K sourcing events, and over $9T of supply market spend. This data includes discrete information at the invoice line item level and is accompanied by detailed information regarding the vendor, date of purchase, and technical specification of the transacted equipment, material, or service.

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