Data Collection
Our cost cleansheet consultants start with identifying product or service data for analysis by obtaining information from sources such as Enterprise Resource Platform (ERP), Bill of Materials (BOM), spend/purchasing data, and invoices.
Systematic Expansion
The crucial next step in the process is to expand upon all components of the following six key cost drivers, namely: materials, labor, conversion costs, overheads, logistics and profit.
Determining Cost Drivers
Once all relevant product/service data has been captured and their key components expanded, we scour various internal and external sources — including MRP/ERP/PLM systems, item masters, BOMs, primary and secondary research, open data sources, third-party databases and professional associations — to determine the underlying cost drivers.
Developing Cost Insights
By analyzing the information obtained from the mentioned sources using our own proprietary tools and models, we develop crucial cost insights that help improve business value for our clients.
