Cost Components and Price Drivers

Effectively manage costs and improve business outcomes by leveraging our proficient breakdown of key cost components and price drivers.

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How your business benefits

Identify major cost components for the product or service under focus

Identify major cost components for the product or service under focus

  • Break down total cost into various components using pie charts and graphs
  • Understand the percentage contribution of each component to the total cost

Evaluate cost drivers for each component

Evaluate cost drivers for each component

  • Get a better understanding of the factors that drive costs
  • Evaluate industry trends related to cost components
  • Obtain accurate insights into components such as raw materials, labor, wages, overheads, etc.

Strengthen procurement decision-making

Strengthen procurement decision-making

  • Provide procurement teams with accurate insights to inform decision-making
  • Proactively plan purchases to save costs and ensure business continuity

Increase your bargaining power over suppliers

Increase your bargaining power over suppliers

  • Leverage detailed cost breakdown analysis to get the best possible deals
  • Achieve cost advantages by improving contract management

Counter cost and supply risks

Counter cost and supply risks

  • Equip procurement teams with valuable information to effectively foresee risk
  • Improve supply chain performance by mitigating risk

Why choose SpendEdge?

Featured Case Study

Mining Industry Case Study: Cost-Benefit Analysis

Mining Industry Case Study: Cost-Benefit Analysis

June 16, 2025

It is essential to have a feasibility report and a cost-benefit analysis (CBA) for a project. This analysis lies within a range of project and plan appraisal methods that seek to apply monetary value to costs and benefits. It is more comprehensive in scope, taking a long view of the…

Read More

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Insufficient or inaccurate information about costs can lead to severe long-term ramifications on business growth and reputation, which increases the need for an exhaustive cost analysis that covers all bases.

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