AI-Driven OEM Cost Management Software to Reduce Procurement, Design & Production Costs
Cost-Aware Engineering Starts at BOM Creation
Engineering teams design parts in isolation, while cost implications surface late, during sourcing or negotiation.
From BOMs to Negotiation, Ready Supplier Quotes
Scattered quotes arrive in different formats, currencies, and assumptions — making comparison slow and error-prone.
Protect Margins Before Costs Hit the P&L
Cost overruns and supplier changes impact margins long after commercial decisions are locked.
One Trusted Cost View Across the Organization
Leadership decisions are often made using delayed, fragmented cost data from multiple teams.
Trusted by Engineering & Costing Teams Across OEMs
Supporting high-volume, multi-program, global manufacturing operations.
The Cost Crisis OEMs Face Every Day
Manufacturing costs are spiraling out of control. Traditional cost management approaches are failing to address the complex challenges of modern OEM operations.
25%Cost leaks due to Manual ErrorsLack of checks and balances in cost creation and revisions results in frequent data inconsistencies.
40%Time Lost Searching for Cost DataOEM teams spend a significant share of their time locating, validating, and reconciling cost data spread across systems.
50%Time Spent on Manual Price AmendmentsFrequent cost changes force repeated revisions and approvals, consuming major team bandwidth.
25%Opportunity MissedLack of visibility prevents generating actionable insights from historical data, leading to missed cost-saving opportunities.
What Changes with Cost It Right
By connecting design data, supplier economics, and real-time analytics, Cost It Right transforms how OEMs manage cost at every stage.
100%Traceability & Audit ReadinessEvery cost element is fully traceable from design to BOM to sourcing. Complete audit trails mean no guesswork, no spreadsheet hunting, and zero compliance anxiety.
50%Faster Cost Revision & SimulationsWhat used to take days now takes hours. Revise assumptions, run what-if scenarios, and see cost impact instantly across parts, suppliers, and programs.
70%Reduction in Costing Cycle TimeAutomated roll-ups, standardized logic, and real-time data cut manual effort drastically, accelerating cost finalization across engineering and procurement.
40%Faster RFQ-to-Quote TurnaroundWith clean BOMs and accurate target costs, RFQs move faster, and supplier quotes come back aligned, reducing delays and negotiation cycles.
One Trusted Cost View Across the Organization
Leadership decisions are often made using delayed, fragmented cost data from multiple teams.
AI Cost Intelligence
Generate cost insights, should-cost estimates, negotiation strategies, and recommendations using AI.
Spend & Savings Analytics
Analyze procurement spend, benchmark costs, and uncover savings opportunities.
Executive Dashboards & Reporting
Access real-time KPIs, benchmarking, cost reports, and business insights.
Collaborative Cost Management
Enable engineering, procurement, finance, and sourcing teams to work from one platform.
Enterprise Integrations
Connect seamlessly with ERP, PLM, external portals, and enterprise systems.
Commodity & Market Intelligence
Track raw material prices, RM indices, FX rates, and market trends in real time.
Master Data Management
Centralize plants, vendors, parts, assemblies, BOMs, and process master data.
Workflow & Approval Automation
Automate costing, sourcing, commercial approvals, and procurement workflows.
Supplier Performance Management
Monitor supplier quality, pricing, delivery, compliance, and performance metrics.
Vendor Lifecycle Management
Manage supplier onboarding, audits, approvals, master data, and mobile inspections.
Supplier Collaboration Portal
Collaborate with suppliers through a secure portal for quotations, documents, and communication.
RFQ & Sourcing Management
Create, manage, compare, and finalize RFQs with reverse auction support.
AI Document Intelligence
Extract and standardize data from drawings, PDFs, Excel files, and technical documents.
BOM & Design Cost Analysis
Analyze multi-level BOMs, optimize product designs, and simulate engineering changes.
Cost Engineering Suite
Create detailed cost breakdowns with should-cost, benchmark, zero-based, and process-based costing.
Proven in Complex OEM Environments
From RFQs to production costing, Cost It Right delivers measurable impact across industries.
Automotive60%
reduction of time in the end-to-end costing process with a system-driven & transparent RFQ process.
-Vice President and Group CIO