Services | Parametric Cost Models
Parametric cost models provide highly accurate cost predictions of your existing supplier base or benchmark comparisons with detailed cost breakdown. You choose the basic data, on which the cost calculations are based
Predicting costs is a prerequisite for market-driven and profitable products. Calculating costs is also a prerequisite for a good price basis of purchased items. With our Data-Driven Software, companies create their own cost prediction models with ease and are able to use the cost models in every department where necessary. Our CostChecker ensures the automated use of own created cost prediction models in the engineering department. There is a wide choice of different models:
Calculate costs with specific supplier models and with highest accuracy. Reduce substantially time for RFQ
Calculate costs with benchmark models to compare with the market and detailed cost breakdowns
Calculate costs with benchmark models to compare with a wide range of market data and advanced cost breakdown
Calculate costs with Hybrid Cost Models to compare with your supplier network and a wide range of market data (Make or Buy)
Our Data-Driven Software empowers companies, to create cost prediction models from any data within seconds. The created models can be used directly in the department where needed. Use our Award-Winning software CostChecker to deliver the procurement and engineering department with high-precision cost prediction possibilities.