Cost Estimation
Cost estimation can help you get first insights in the costs of a (new) product or concept.
Cost Estimation VS Cost Calculation
Generally, we define cost estimations as rough parametric estimates from a product or concept. Whereas cost calculations are detailed activity-based calculations of each manufacturing step individually.
Why cost estimation?
Getting first insights
Cost estimation can give you first insights
into costs of your product or concepts.
These insights can be very valuable for:
- Budgeting & Strategy development
- Business case validation
- Quote validation
- Initial cost monitoring
Easy & Accessible
Everyone can do it
With the step-by-step guidance in our quick-fill module, anyone can create a cost-estimate.
So also those who lack capacity of cost engineers or costing experience, or do not have all data for a detailed calculation available (yet).
How we can help
Auto-fill
Our software contains a quick-fill module that translates product attributes into manufacturing cost & can fill in missing details. After estimating you can always check all details & assumptions, and adjust them accordingly.
The ShouldCoster steps for cost estimation
Guided data input
Insert all part-data you have by answering the questions in the quick-fill step by step.
Auto complete
After answering the questions about the measurements, materials & features. The auto complete estimate all missing details for you.
Rough Estimate
Based on the (auto-completed) inputs, the ShouldCoster creates a rough cost estimate for you. You can always check and adjust the values & parameters where needed.
Adjust and Gain Insights
By playing around with different numbers & features, you can compare different options and prizes for your products and gain insights on how to improve designs and reduce costs. Boosting manufacturing performance!
Also need cost calculations?
Cost estimations are a good way to gain first insights into potential costs. But after these first insights you might want to get a more detailed and accurate calculation of costs. For this purpose, our software also supports cost calculations, using the activity-based costing module.
Get more info
If you would like more information on our software or have specific questions on how our software fits your needs, don't hesitate & contact us!