Establishing a Cost Analysis / Cost Engineering organization will deliver significant contributions to your bottom line. That’s a fact!
But it is way more than just drawing lines and implementing software – it’s about 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞, 𝐜𝐥𝐚𝐫𝐢𝐭𝐲, and 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐢𝐦𝐩𝐚𝐜𝐭. And a significant behavioral change with lots of obstacles and hidden pitfalls if you have not done it before.
What to consider:
✅Cost Management Strategy (what do we want to achieve? just Material Cost Optimization or Product Cost Optimization)
✅Organizational Design incl. roles (e.g. specialist vs. generalist) and responsibilities (crucial)
✅Organizational Anchoring and joint target-setting
✅Process Integration & cross-functional alignment
✅Tools / Value Levers to establish
✅ One key pillar: choosing the right cost management software.
But rather than chasing features, we help define objective selection criteria that align with real operational needs:
✨Seamless integration into existing system landscapes
✨Support for parametric, should-cost, and bottom-up approaches
✨Collaboration features to digitally bridge silos
✨User-friendly interface and high usability for both experts and occasional users
✨Scalability across sites and product groups
Need some insights from experienced practitioners who have developed numerous Procurement and Cost Management organizations?
We at targetP evolving procurement support companies in setting up cost transparency functions that go beyond procurement and create value across R&D, finance, and operations. We act as a neutral sparring partner and guide you through the evaluation process – from market scan and demo setup to decision alignment. Always build a cost management capability that enables fact-based decisions and reduces reliance on Excel silos.
🚀 𝐁𝐞𝐜𝐚𝐮𝐬𝐞 𝐫𝐞𝐚𝐥 𝐜𝐨𝐬𝐭 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐬𝐭𝐚𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 – 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐭𝐨𝐨𝐥.
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