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<h1><span>Target </span>Price Analysis</h1>
(Cadence of growth) 

<h1><span>What can we do</span></h1>

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<p><strong>Target Price Cost Estimating Service</strong>, a division of <strong>CostMasters</strong>, provides cost engineering services for mid-to-large sized manufacturing organizations worldwide. The service is an ideal solution for companies that do not have either the time or resources to do detailed <strong>product cost analysis</strong> in-house. we put empathy for your business , fact based approach , data based analysis & measurable results. Based on numerous <strong>consulting projects</strong> in the field of <strong>product cost analysis</strong> and optimization, we have developed comprehensive and competent expertise within the following subject areas.</p>
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<p>Cost is an important factor for success of almost every business. Objective of TPA is to help you <a href="https://www.costmasters.in/" title=" Aluminium Price in India">negotiate cost</a> first time right, as you have the maximum negotiating leverage at the start of the contract.  Our aim is to determine the most <strong>cost-effective</strong> and <strong>efficient materials</strong> and <strong>manufacturing processes</strong> for a particular part or product. </p>
<p>TPA can also help you in verification of the adequacy of purchase prices by bottom-up analysis of the underlying <strong>manufacturing processes</strong> and <strong>cost structures</strong>. <strong>Systematic identification</strong>, validation, <strong>implementation of purchasing potentials</strong> & <strong>enhancing profits</strong>.</p>

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    	<h1><span>Process/ Approach  TPA</span></h1>
        <p>A very highly Professional and methodical approach is adopted to conclude TPA for your benefit.</p>
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		<h1><span>Machine Costs</span></h1>
        <p>For the calculation the machine hourly rate is allocated by means of the period of use(cycle time) to unit costs.</p>
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 <p>
 
 <img src="images/tpa4.png" alt="pic2" title="Commodity Price in India" height="407" width="546" style="float:left;"/>
   <strong style="color: #017BBC; font-family: 'Oswald',sans-serif; font-size: 19px; font-weight: normal;">Should Cost Analysis</strong><strong>: </strong><strong>A Tool par  excellence in your Cost Management Kit</strong><br>
Strategic sourcing has been an  integral part of most supply chain models for decades.&nbsp; The essence of  strategic sourcing is to create an environment where multiple vendors competing  for a company’s spend drive down prices and drive up performance and <strong>services</strong>.&nbsp;  But what about products and services where there are only a few providers, or  where the product itself is so unique or highly specified that only a few  suppliers can make it?&nbsp; Perhaps the item in question is custom built,  complex to manufacture and purchased in low volumes making it difficult to get  comparable competing bids.&nbsp; In many businesses, these categories of spend  can be a significant portion of the total.&nbsp; What do these companies do?<br>
One solution to this problem is a  technique known as should <strong>cost analysis</strong>, which allows a company to simulate the  manufacturing process and <strong>cost structure</strong> of its <strong>suppliers providing valuable</strong>  information for <strong>supplier price</strong> negotiation.&nbsp; In order to understand how  and where to apply should cost, it is important to understand the limitations  of traditional strategic sourcing.<br>
&nbsp;<strong>Where cost comparisons don’t work</strong><br>
The reliance on supplier competition  to drive down prices works best when the subject products are very  comparable.&nbsp; This is one reason why <strong>strategic sourcing</strong> is frequently  applied to indirect spend.&nbsp; Even when the pricing is complex, for example  telecom, shipping or information technology, the actual product or service is  fairly comparable so it is relatively straightforward to compare opposing  proposals.&nbsp;<br>
Strategic sourcing gets more  complicated when applying it to direct materials.&nbsp; Of course many direct  spend items are relatively common and have many alternate suppliers so it is  possible to do direct price comparisons. &nbsp;But what about an item designed  and engineered with characteristics specific to your product.&nbsp; Examples of  these items are everywhere from your car to the appliances in your home to the  airplane that you fly on.&nbsp; Many of these items are also consumed in  relatively low volumes, further complicating attempts to <strong>reduce purchased</strong>  price.&nbsp; This is where should <strong>cost analysis</strong> enters the picture and provides  a valuable additional tool to manage category spend.<br><br>
<strong><u>Application to sourcing</u></strong></p>
<p>Should cost models provide insight and  direction that can be invaluable when <strong>negotiating prices</strong> with a supplier.&nbsp;  They help purchasing professionals understand what is driving an item’s cost  and allows them to explore a variety of scenarios such as how changes in labor  and overhead rates or improvements in process efficiency might impact an item’s  price.&nbsp; By comparing the model’s output to a quoted price, purchasing can  infer <strong>profit margins</strong>, <strong>production efficiency</strong>, <strong>overhead costs</strong>, and other key  negotiating elements. &nbsp; It should be in the procurement toolkit of every  manufacturer that buys highly engineered and costly items from a range of  suppliers
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   <h1><span>RFQ (Quote) Success Rate</span></h1>
  
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  <img src="images/tpa5.png" alt="pic2" height="272" width="464" style="float:right;"/>
  You  quote for many parts, but few get converted in Purchase Order in your favor.  This might have surprised or worried you and aroused the curiosity to know the  reason. If RFQ success rate is very high, it can mean orders for you every  time, good news, congratulations …!!! , Hold on, it can be an indication of <strong>low  profitability</strong> or losses in future due to under quoting. To get orders is good,  but to get healthy orders is what you should be looking at. Balance is the key,  monitor your RFQ success rate and trends may prompt you to analyze it further  for <strong>better profitability</strong> of your company.</p>
  <p>In  negotiations, it is normally observed that either in curiosity, to honor a  relation or under pressure, you may agree a price , the phenomenon called &ldquo;The  danger of selling at price&rdquo;. TPA helps you go prepared with data and acts as a  traffic light signal, telling you where to stop and say no. If you are not able  to detect the bad price part, it will make losses for you </p>
	<p>Today,  in some organizations, it is mandatory to furnish detailed <a href="https://www.costmasters.in/raw_material_prices.php" title="Raw material prices in India">cost break</a> ups along  with the quote. Due to lack of time and focus on main business activities, you  are not able to provide and it becomes a reason for not selecting your bid. We  can do this for you , as per the guidelines provided by you and as per industry  benchmark , in a convincing format , increasing the chances of your bid winning  a healthy order and a feeling of trust to your Buyer.</p>
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    <li><strong style="color: #017BBC; font-family: 'Oswald',sans-serif; font-size: 19px; font-weight: normal;">Product Cost benchmarking<a name="Produkt-Benchmarking"></a></strong></li>
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  <img src="images/tpa6.png" alt="pic2" title="Steel Prices in India" height="310" width="452" style="float:right;"/>
    (Crossing the threshold –  Exploring the best)<br>
    External  experts evaluate and <strong>analyze cost comparisons</strong> for alternative product versions  (e.g. competitor products, alternative product designs). <br>
    Best  practice-determination of product-specific manufacturing processes and <strong>cost  structures</strong> based on tried and true benchmarks. <br>
    Along  with customer nominated CFT , Approaches for the comprehensive <strong>cost  optimization</strong> of pre-series and serial products (e.g. loss products) are  generated and evaluated in terms of potential capacity.</p>
  <p>It  helps in <strong>identification of Cost</strong> reduction potentials , design simplification ,  generation of VA-VE  ideas , enhance  customer &amp; competition centric new product developments.</p>
  <p><strong>Case Study – Competition Product Cost Benchmark</strong><br>
    Product  Cost Benchmarking aggregate wise contribution study helped the organization to  achieve:--</p>
  <ul>
    <li>Identify cost reduction Potentials.</li>
    <li>Generate VA/VE ideas for improvement in product &amp; reduce  cost.</li>
    <li>Insight of competition cost structures &amp; their impact on  customer.</li>
    <li>Aggregate wise detailed analysis to pin point the focus areas.</li>
    <li>Self realization of available options in proprietary spend  category .</li>
    <li>Feature wise contribution in the machine cost &amp; customer  focused enrichment  of product.</li>
    <li>Adopting and incorporating best practices in design upgrades  resulting in  optimal cost &amp;  compressed lead time from design to market.</li>
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    <li><strong style="color: #017BBC; font-family: 'Oswald',sans-serif; font-size: 19px; font-weight: normal;">(Re)Design-to-Cost</strong> <a name="ReDesign-to-Cost"></a></li>
  </ul>
  <p>(Design diligently for  optimum cost )<br>
    80-90% of the <strong>product  cost</strong> is built-in at design stage , <strong>selection of materials</strong> , manufacturability ,  tolerances etc.TPA helps is concurrent costing of different concepts with  minimal effort to evaluate the cost performance of design , resulting in optimum  compatible design selection. </p>
  <p><strong>Cost  optimization for product</strong> design and engineering, creating value while  maintaining capacity and quality (cost-orientated creation of product value).</p>
  <p>Bottom-up-validation  at an early stage, detailing and the trace of the target performance during the  <strong>product development process</strong>.</p>
  <p>Sustainable  re-establishment of the competitiveness of serial products that have  experienced a market-driven decline in prices and margins.</p>
<p></p>
<img src="images/tpa7.png" alt="pic2" height="432" width="727" style="float:left;"/>
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  <ul>
    <li><strong>Cost Reduction Potentials  - Identification &amp; Realization</strong></li>
  </ul>
  <p>Dynamic  market conditions may force us to re-visit the cost of parts. Low volumes &amp;  unpredictable factors during initial development gets stabilized with time ,  with opportunity for cost reduction . On the contrary process <a href="https://www.costmasters.in/target_price_analysis.php" title="Stainless Steel Price in India">cost drivers</a> like  labor wages , electricity charges witness increase. TPA helps you to evaluate  all the aspects  before approaching  suppliers for negotiations. In few instances , the part costs were settled in  past and still may have cost reduction potentials , TPA efficiently does this  for you.</p>
  
<p></p>

<p><strong> Manufacturing optimization<a name="Fertigungsoptimierung"></a></strong><strong>(Creating value through  Supplier Partnerships)</strong><br>
  Optimization  of the product costs by increasing operative manufacturing efficiency, focusing  directly on the relevant cost drivers. <br>
  Integration  of the value stream mapping method into bottom-up calculations and product cost  analysis (cost-orientated process value engineering). <br>
  Valid  monetary quantification of the cost-per-unit effects caused by measures taken  to change and optimize product manufacturing processes.</p>
<img src="images/tpa8.png" alt="pic2" title="Brass Price in India" height="406" width="547" style="float:left;"/>
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