CostIQ

How do you determine what the total cost of a finished product or solution is?

Customer Pain

Particularly within process industries, there are both direct ‘add – on’ costs, as well as indirect ‘associated’ costs that may not necessarily be added as unit costs at the point at which profit margins are calculated. This leads to inaccuracies, that can directly influence the volume of sales, which in turn influences sales wins, which in turn impacts market share, as well as balance sheets, that combine to then adversely affect market capitalisation or share price.

Furthermore, certain costs are incurred because budgets allow for them to be incurred and not because business needs necessitated them.

The Venturiq Cost Analysis Solution
The Venturiq CA solution:
Segments cost categories
Analyses large volumes of historical cost data
Calculates the total costs associated with specific products or solutions, with an emphasis on market comparisons and considered volumes
Identifies cost centres, where allocated budgets do not reflect the needed budget

Meaning that actual unit costs are accurately calculated, leading to:
Optimised Cost centres
Informed future budget allocations

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