Abstract: A computer implemented approach which simplifies the task of a user in using commodity pricing information in making decisions on purchasing of items. The user is provided a suitable interface using which the constituent commodities and the required respective quantities for each item may be specified. The digital processing system then automatically (without requiring manual entry by the user) retrieves the current prices of the commodities, and provides various types of information which simplifies the purchasing decisions. According to one aspect, alerts are provided when the prices of a commodity does not satisfy pre-specified limits or when the aggregate cost of commodities required for one unit of the item does not satisfy a pre-specified limit. Similarly, information is presented which simplifies hedging decisions and buy or make decisions.