Gartner Research

Adopt Predictive Costing to Deliver Winning Products at Greater Profit

Published: 24 March 2017

ID: G00326297

Analyst(s): Janet Suleski, Marc Halpern

Summary

Manufacturing companies always strive to increase profits from products. CIOs can play a key role in helping their companies benefit from product cost avoidance opportunities by adopting best practices, supported by predictive costing software.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Make the Business Case for Predictive Costing
  • Influence Business Leadership to Create an Enterprisewide Costing Governance Group
    • Case Study No. 1 — Serious Business Setbacks for a Manufacturer Without a Costing Governance Team
  • Introduce Sourcing Leaders to Predictive Costing Software as a Tool to Understand Suppliers' Costs and Support Negotiations
    • Case Study No. 2 — An Agricultural and Construction Equipment Manufacturer Adopts Predictive Costing to Improve Negotiations With Suppliers
  • Choose an Enterprisewide Predictive Costing Software Partner That Aligns Best With Your Business

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