Applies to: Enterprise
Material Market Indexing helps keep material sheet costs aligned with market movement.
When enabled, Quote & Cut can update selected material prices weekly using the Quote & Cut market-index feed.
Where market indexing appears #
Market indexing appears in the material table.
Go to:
Quote & Cut → Settings → Materials
Enterprise adds market data to each material row.
This can include:
- Market Index.
- Last Market Refresh.
The Market Index is not edited directly. It is based on the material’s core Material Type.
To change the market index used by a material, edit the material’s Type from:
Quote & Cut → Settings → Materials → Edit details
Material Type controls market indexing #
Enterprise maps each material’s Type to a market index.
The mapping is:
- Aluminium → Aluminium index.
- Carbon Steel → Carbon Steel index.
- Galvanised Steel → Carbon Steel index.
- Stainless Steel → Stainless Steel index.
- Other → Not indexed.
Which materials are repriced? #
Materials with these Types can be repriced by the weekly updater:
- Aluminium.
- Carbon Steel.
- Galvanised Steel.
- Stainless Steel.
Materials set to Other are skipped.
Galvanised Steel follows the Carbon Steel index.
Automatic weekly updates #
Below the material table, Enterprise adds the option:
Automatically update indexed material prices weekly
When this is enabled, Quote & Cut schedules a weekly material price refresh.
Only indexed materials are updated.
Materials set to Other are not changed.
How indexed repricing works #
When a material is indexed, Quote & Cut stores a baseline value and a market multiplier.
When the weekly update runs, the material cost can be recalculated using the latest multiplier from the Quote & Cut market-index feed.
This lets material prices move with the relevant market family.
Manual price changes #
If you manually edit the cost of an indexed material, Quote & Cut treats your new saved price as the new starting point for future market movement.
This means you can adjust a material price yourself without permanently opting it out of indexing.
Last Market Refresh #
The Last Market Refresh field shows when the material was last updated by market indexing.
If a material has not yet been synced, it may show:
Not yet synced
If Market Indexing is paused #
If your connected account does not currently include Enterprise Market Indexing:
- Market data is preserved.
- Automatic repricing is paused.
- Fields may be disabled.
- Existing material costs are not automatically updated.
Important before enabling #
Before enabling automatic updates:
- Check material costs are accurate.
- Check each material has the correct Material Type.
- Set non-indexed materials to Other.
- Save settings.
- Record current prices if you want a reference.
- Check the first update carefully.
Best practice #
Only index materials that should move with the broad material family.
Use Other for:
- Labour-inclusive material prices.
- Special grades.
- Customer-specific pricing.
- Stock you do not want auto-updated.
- Materials with manually controlled prices.
- Non-metal materials.
- Any material that should not follow the market feed.
Continue to: Market Index Types.
