Should-Cost Modeling — Tool for Advancing Procurement Organizations

Should-cost modeling (or bottom-up cost calculation) is a concept that has been around for decades and has been a standard tool in the automotive industry for more than 30 years. However, with cost pressures from inflation and a more competitive market, should-cost modeling is gaining popularity and attention. Market leaders across industries and categories — both direct and indirect — are using digital should-cost modeling tools as a dynamic way to track costs and even predict the development of key cost drivers.

In this webcast, GEP provides an overview of should-cost modeling, the ways technology supports its use and best practices for its application.

Key Discussion Points: 

• GEP’s POV on should-cost modeling
• Should-cost modeling tool demo
• Practical use case and should-cost models