Product Overview
Discover How Streamlined Cost Solutions Can Boost Your Business Performance
Cost It Right, is a futuristic cost intelligence platform that digitalizes the end-to-end costing process of the Manufacturing and Automotive industries. Cost engineers can derive meaningful and strategic insights in real-time for multiple parts. It streamlines all aspects of cost-related operations for manufacturing businesses.
It acts as a central repository, providing easy access to real-time costing data with a user-friendly interface. It supports historical costing records, automated cost calculations, and thorough cost comparisons, aiding better decision-making and negotiation strategies. Its integration capabilities with ERPs, PLMs, and analytics platforms offer seamless data connectivity, making it a comprehensive solution for efficient costing management, analysis, and optimization.
It acts as a central repository, providing easy access to real-time costing data with a user-friendly interface. It supports historical costing records, automated cost calculations, and thorough cost comparisons, aiding better decision-making and negotiation strategies. Its integration capabilities with ERPs, PLMs, and analytics platforms offer seamless data connectivity, making it a comprehensive solution for efficient costing management, analysis, and optimization.
Centralized Costing Management
Access all your cost-related data from one central repository, simplifying the retrieval process.
- Single Repository for Data: Access all costing-related data in one central location, streamlining data retrieval.
- Efficient Norms and BOM Management: Manage client and vendor norms, as well as Bill of Materials (BOM), from a single platform.
- Bulk Data Transition and Role-Based Access: Migrate to the system effortlessly through bulk upload and ensure data security with role-based user management.
Streamlined Costing Workflow
Simplify the costing process for smoother operations.
- Automated MHR Calculation and Workflow: Simplify costing creation with formula-driven MHR and configure approval workflows for different departments.
- Alerts and Flagging: Receive real-time alerts on critical changes and flag amendments based on set criteria.
Advanced Cost Analysis
Leverage data analysis to optimize cost comparisons and enhance decision-making.
- Data-Driven Cost Comparison: Compare part costs across plants, vendors, and suppliers for better negotiation strategies.
- Simulation and Impact Analysis: Visualize impact during costing revisions and control inflation.
- Reports and Analytics: Improve decision-making with cost ratio information and historical cost trend data.
- Variance Comparison and Historical Analysis: Evaluate differences between estimation and actual cost for better cost control.
Efficient Communication and Integration
Improve communication and data integration for streamlined processes.
- RFQ Automation and Standardization: Automate vendor quotation collection with standardized templates and real-time reminders.
- Seamless Data Integration: Integrate with ERPs, PLMs for end-to-end automation and standardized data formats.
Time-Saving Cost Amendment
Save time during cost amendment processes and enhance vendor interactions.
- Efficient Part Cost Amendment: Easily amend part costing while capturing reasons, enhancing vendor communication. Design vendor quotation as per your needs and allow suppliers to bid online and receive data directly into the system.
- Advanced Price Calculation: Automate cost calculation of new parts based on approved child parts’ costing, reducing errors and saving time.
- Bulk Price Amendment: Amend prices for multiple parts at once with broad and one-click views.
Customize your approval workflows for efficient costing and simulation processes.
- Flexible Approval Workflow: Customize approval workflows for costing and simulation with multiple levels.
- Informed Approval Decisions: Compare part’s landed cost with client cost during approval, enhancing negotiation.
Our Benefits
Centralized Costing Management
Access all your cost-related data from one central repository, simplifying the retrieval process.
- Single Repository for Data: Access all costing-related data in one central location, streamlining data retrieval.
- Efficient Norms and BOM Management: Manage client and vendor norms, as well as Bill of Materials (BOM), from a single platform.
- Bulk Data Transition and Role-Based Access: Migrate to the system effortlessly through bulk upload and ensure data security with role-based user management.
Streamlined Costing Workflow
Simplify the costing process for smoother operations.
- Automated MHR Calculation and Workflow: Simplify costing creation with formula-driven MHR and configure approval workflows for different departments.
- Alerts and Flagging: Receive real-time alerts on critical changes and flag amendments based on set criteria.
Advanced Cost Analysis
Leverage data analysis to optimize cost comparisons and enhance decision-making.
- Data-Driven Cost Comparison: Compare part costs across plants, vendors, and suppliers for better negotiation strategies.
- Simulation and Impact Analysis: Visualize impact during costing revisions and control inflation.
- Reports and Analytics: Improve decision-making with cost ratio information and historical cost trend data.
- Variance Comparison and Historical Analysis: Evaluate differences between estimation and actual cost for better cost control.
Efficient Communication and Integration
Improve communication and data integration for streamlined processes.
- RFQ Automation and Standardization: Automate vendor quotation collection with standardized templates and real-time reminders.
- Seamless Data Integration: Integrate with ERPs, PLMs for end-to-end automation and standardized data formats.
Time-Saving Cost Amendment
Save time during cost amendment processes and enhance vendor interactions.
- Efficient Part Cost Amendment: Easily amend part costing while capturing reasons, enhancing vendor communication. Design vendor quotation as per your needs and allow suppliers to bid online and receive data directly into the system.
- Advanced Price Calculation: Automate cost calculation of new parts based on approved child parts' costing, reducing errors and saving time.
- Bulk Price Amendment: Amend prices for multiple parts at once with broad and one-click views.
Customizable Approval Workflow
Customize your approval workflows for efficient costing and simulation processes.
- Flexible Approval Workflow: Customize approval workflows for costing and simulation with multiple level
- Informed Approval Decisions: Compare part's landed cost with client cost during approval, enhancing negotiation.
Centralized Costing Management
Access all your cost-related data from one central repository, simplifying the retrieval process.
- Single Repository for Data: Access all costing-related data in one central location, streamlining data retrieval.
- Efficient Norms and BOM Management: Manage client and vendor norms, as well as Bill of Materials (BOM), from a single platform.
- Bulk Data Transition and Role-Based Access: Migrate to the system effortlessly through bulk upload and ensure data security with role-based user management.
Simplify the costing process for smoother operations.
- Automated MHR Calculation and Workflow: Simplify costing creation with formula-driven MHR and configure approval workflows for different departments.
- Alerts and Flagging: Receive real-time alerts on critical changes and flag amendments based on set criteria.
Leverage data analysis to optimize cost comparisons and enhance decision-making.
- Data-Driven Cost Comparison: Compare part costs across plants, vendors, and suppliers for better negotiation strategies.
- Simulation and Impact Analysis: Visualize impact during costing revisions and control inflation.
- Reports and Analytics: Improve decision-making with cost ratio information and historical cost trend data.
- Variance Comparison and Historical Analysis: Evaluate differences between estimation and actual cost for better cost control.
Improve communication and data integration for streamlined processes.
- RFQ Automation and Standardization: Automate vendor quotation collection with standardized templates and real-time reminders.
- Seamless Data Integration: Integrate with ERPs, PLMs for end-to-end automation and standardized data formats.
Save time during cost amendment processes and enhance vendor interactions.
- Efficient Part Cost Amendment: Easily amend part costing while capturing reasons, enhancing vendor communication. Design vendor quotation as per your needs and allow suppliers to bid online and receive data directly into the system.
- Advanced Price Calculation: Automate cost calculation of new parts based on approved child parts' costing, reducing errors and saving time.
- Bulk Price Amendment: Amend prices for multiple parts at once with broad and one-click views.
Customize your approval workflows for efficient costing and simulation processes.
- Flexible Approval Workflow: Customize approval workflows for costing and simulation with multiple level
- Informed Approval Decisions: Compare part's landed cost with client cost during approval, enhancing negotiation.