Identify savings potentials in procurement with knowledge-based cost engineering

Learn about the latest improvements on our knowledge database supporting savings potentials in procurement

To analyze the manufacturing costs of your suppliers and/or your products in comparison to the competition, a reliable database as a decision-making tool is indispensable.

Watch our webinar and learn how the latest developments of our cost engineering solution can help you analyze your potential more precisely and provides you the decisive time advantage in turbulent markets.

Our experts will showcase a product cost calculation and provide answers to common questions, such as:

Are the material prices and overheads appropriate?

To be able to conduct accurate should-cost-calculations we provide full-fledged global reference data, including raw material prices and industry overheads.

Are the labor costs and machine data realistic?

We provide up-to-date global production site data (e.g., labor cost rates, electricity costs, real estate costs, etc.) and new machines to support additional manufacturing technologies (e.g., aluminum extrusion, casting, sintering, Hot forging, etc.)

Are the manufacturing processes up-to-date?

Updated knowledge domain for more accurate pre-configured manufacturing processes.

All these answers enable you to estimate expected costs before supplier proposals are received, and thus optimally prepare for pending price negotiations.

Related Resources:

• Using top-down costing to identify savings in your procurement portfolio