Automated inventory management

A non-transitory computer-readable medium storing one or more instructions executable by a computer system to perform operations comprising:

• calculating a current weight of a bought-in material over a current period, wherein the bought-in material is procured by an enterprise from an external supplier;
• calculating a current weighted unit price of the bought-in material;
• calculating a historical weighted average price of the bought-in material during a historical period;
• calculating a difference between the current weighted unit price and the historical weighted average price;
• calculating a material price percentage change by dividing the difference by the historical weighted average price;
• multiplying the material price percentage change by the current weight to obtain a weighted average percentage change for the bought-in material;
• and
• performing one or more actions in connection with the weighted average percentage change, wherein the one or more actions comprise generating a representation of a graphical user interface (GUI), wherein the GUI contains one or more panes including a representation of the weighted average percentage change.

A system, comprising:

• one or more processors;
• and
• a non-transitory computer-readable storage medium coupled to the one or more processors and storing programming instructions for execution by the one or more processors, the programming instructions instructing the one or more processors to perform operations comprising:
• calculating a current weight of a bought-in material over a current period, wherein the bought-in material is procured by an enterprise from an external supplier;
• calculating a current weighted unit price of the bought-in material;
• calculating a historical weighted average price of the bought-in material during a historical period;
• calculating a difference between the current weighted unit price and the historical weighted average price;
• calculating a material price percentage change by dividing the difference by the historical weighted average price;
• multiplying the material price percentage change by the current weight to obtain a weighted average percentage change for the bought-in material;
• and
• performing one or more actions in connection with the weighted average percentage change, wherein the one or more actions comprise generating a representation of a graphical user interface (GUI), wherein the GUI contains one or more panes including a representation of the weighted average percentage change.