I recently bought an item, and I am buying the same item now. Can I use historical pricing as my methodology?

It depends.  

If your prior purchase was deemed fair and reasonable either through competition or cost analysis, the SpendLogic software allows you to use historical pricing as your methodology.

Your company policy may limit how far back you are able to go for that historical purchase, e.g. 12 months, 18 months, 24 months. SpendLogic is set with 12 months unless your company policy differs. 

If you cannot use historical, you will have to choose another methodology to determine your current purchase price as fair and reasonable. 

There is a chance that choosing Other will trigger a Risk alert.    

Note: If you have any questions regarding this topic, we suggest you first contact your Company Ambassador. If you require further assistance, contact us at [e-mail].