Manufacturing companies need visibility and control over their cost drivers to remain competitive and resilient. This has always been true, but it is now even more critical due to price fluctuations, supply chain disruptions, and the pursuit of sustainability objectives.
An in-depth cost breakdown analysis is crucial for gaining insights into the cost structure of a specific product or service. By doing so, organizations can better understand the drivers of suppliers’ prices and the production process involved to optimize cost, quality and the supplier relationship.
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- Gain greater visibility into cost structures
- Optimize costs strategically
- Gain resilience and balance with sourcing events