Should-cost modeling is not a new approach, and yet it is under-leveraged as a cost reduction strategy. Procurement’s typical approach is to simply look at the overall price being paid and squeeze the supplier's margins.
Understanding the detailed cost breakdown of any product - including materials, machining costs, labor, transportation, overhead, and profit - opens the door to more educated conversations with suppliers and a better quality finished product delivered on time at a reasonable price.
Yushiro Kato is the Co-Founder and CEO of CADDi. As an expert in should-cost analysis, he will share more about its effectiveness as a cost reduction strategy and also for its potential to serve as the catalyst for collaboration with key suppliers.
Join us as we welcome Yushiro for a live industry webinar that will help you: