Smart Procurement Strategy
Cost Engineering is the process of determining actual costs of items as produced.
We estimate what key items actually cost the suppliers and then analyse them with the buying costs of those items for our clients. Any cost savings ideas we generate from competition benchmark, we estimate the cost savings value in it by analysing the money value which can be saved by implementation of these ideas. Cost engineering helps our clients to negotiate better prices from their vendors.
We engineer costs of products manufactured in HCC (High Cost Countries) vs LCC (Low Cost Countries) to help our clients take a decision on whether to make or buy? We produce cost breakup of components by giving % contribution of Raw Material, manufacturing processes, coatings & treatments, and labour.
We conduct workshops where cost saving ideas are discussed with our clients.