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Aug192015

MARKit: Price Monitoring, Analysis and Response Kit

  

The Price Monitoring, Analysis and Response Kit (MARKit) was developed by representatives from the Local Regional Procurement (LRP) Learning Alliance to guide food assistance practitioners through the steps to monitor markets during the implementation of food assistance programs, and to ensure that programs remain responsive to changing market conditions.

This manual is intended to guide users through the toolkit, which consists of several related materials. The materials should be used in conjunction to have a full understanding of implementing MARKit.

Download the manual (PDF, 2.32 MB)

Download the toolkit:

  1. Worksheets (ZIP, 1,029 KB)
  2. Workbook with sample database (Excel, 221 KB)
  3. Sample report (Word, 118 KB)

Introduction

Understanding how local, national and international markets function is a critical step in designing effective food assistance programs. Monitoring market conditions during the life of a program can help managers identify whether changes in the supply or demand for food commodities risks further escalating ongoing price increases, and it can help to identify strategies to mitigate price impacts. Unfortunately, many programs lack the capacity and processes to analyze and act on price information.

The Price Monitoring, Analysis and Response Kit (MARKit) was developed by representatives from the Local Regional Procurement (LRP) Learning Alliance to guide food assistance practitioners through the steps to monitor markets during the implementation of food assistance programs and to ensure that programs remain responsive to changing market conditions. The purpose of the toolkit is to help food assistance programs maximize their effectiveness and maintain the principle of “do no harm” standards by mitigating unintended impacts on market systems. The MARKit tool is divided into six steps:

  • Get prepared
  • Assess the risk
  • Gather data
  • Calculate price changes
  • Investigate the factors
  • Adjust if necessary

Following these steps can help practitioners adjust interventions to adapt to changes in market conditions during program implementation and to justify the shift in programming to relevant stakeholders. The MARKit tool provides a framework for price monitoring analysis and decision-making. Many food assistance programs monitor prices, but may lack the time required to analyze the information. Even where impacts are identified, donor flexibility, contracts and other factors may limit the project’s ability to respond. Through the introduction of a standardized methodology for price collection and analysis, the MARKit tool is designed to build consensus across institutions. Where immediate mid-program action is not feasible, lessons on how program design might be improved can aid future programs. MARKit provides a platform to strengthen the relationship between donors, humanitarian organizations and the market actors in the intervention areas, to make food assistance more effective and to ensure that wherever possible, food assistance programs meet do no harm guidelines.


Publication details

Publisher: Catholic Relief Services (August 2015)
Manual: 71 pages
Language: English
Dimensions: 8.27 x 11.69 inches

Posted on August 19, 2015


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