What is a Should-Cost Model?
A should-cost model is a tool that enables supply chain organizations to determine the true price of goods and services. A should-cost modeling software results in improved visibility into cost drivers, enabling greater savings and better priced products. It enables organizations to understand all raw material and manufacturing cost drivers so that the final estimate of a product is closer to the target price. A data-driven, AI-powered should-cost model is usually multi-layered and is sensitive to the price movement of market indices and therefore provides greater negotiation power.
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
