Should Cost Model

Should cost model helps analyze each cost component to improve budget forecasting and planning, as well as manage the risks of price volatility.

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How your business benefits

Maximize profits through reliable and accurate cost analysis

  • Gain an edge with our comprehensive cost models that accurately detail each cost element
  • Respond to risk scenarios quickly and effectively, as the impact of price volatility can be predicted in time

Identify the most optimal suppliers

  • Strengthen negotiations with suppliers as the true cost of a product or service is known in advance
  • Complete visibility of product cost break up will help identify the best-fit supplier for long-term engagements

Achieve significant cost savings

  • Avoid price hedging as future price trends of components/services are known
  • Increase cost savings using spend analysis derived from detailed cost break up

Find alternatives to cut costs

  • Optimize budget planning as should cost model helps understand the current and future market trends
  • Find alternatives to products/services that have high profit margins or are not cost effective

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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Price fluctuation is one of the biggest concerns companies face today and an “early warning” can help companies to smoothly sail out of such financial risks.

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SpendEdge Central: Comprehensive procurement intelligence platform