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

  • 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

  • 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

  • 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

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

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

How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process

Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.

Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.

Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.

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Talk to One of Our Experts

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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