Should cost analysis
The current business environment is more competitive and challenging. The market and customers decide the product price. The business and profit margin will reduce if manufacturers don’t address the product cost with changing manufacturing cost-effective technology. Getting detailed knowledge of what goes into the price of a product has become very important for the continuity of the business.
Cost analysis enables organisations to understand the cost structure, drivers, and manufacturing processes. Organisations optimise the cost to place their product in the cutting-edge competitive market, and Merritt Should cost team handhold the customers to maximise the market share.
Merritt team comprises domain experts with 20+ years of experience in ABC (Activity Based Costing) techniques and industry veterans. Product stakeholder understands, review and verifies the cost models.
Merritt supports its customer with should cost analysis at different stages of product development:
- Concept level
- Benchmarking level
- Design & development level
- Manufacturing level
- VAVE
Should costing experience in manufacturing commodies
Should costing work flow
Should cost analysis reports helps customers in the following:
Detailed analysis and reports for design benchmarking, supplier cost & competitor product cost.
Provides detailed cost breakups to the SCM team for better negotiation & make comparison with supplier proposals to choose the right supplier with the correct cost.
Decision support for Global sourcing strategy (selecting low-cost manufacturing country/ region)
Opportunities for cost reduction in materials, processes, and alternative sources.
Rail Transportation
The traditional asset intensive global rail industry is going through a renaissance where digital automation, smart enablement and data analytics are being leveraged to provide agility, flexibility and interactivity while reducing costs. We empower OEMs and operators to achieve these objectives and improve safety, reliability, communication and efficiency with our leading-edge digital solutions.
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