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Integrate your supplier data, third-party data, and cost models to get a comprehensive view of your product costs.

Cost models facilitate the alignment of supplier costs with market prices, enabling businesses to benchmark their procurement practices. By comparing actual supplier prices with prevailing market rates, organizations can justify price adjustments and ensure competitiveness in a dynamic environment.

Model product cost

You can quickly and easily generate precise cost models for your products, including raw materials and other associated costs. Track your spending and compare your purchase costs from suppliers with market prices from Expana. Our global commodity cost models will help you:

Identify cost drivers by understanding the factors driving price changes and adapting your strategy to the latest market conditions
Adjust sourcing strategies by leveraging real-time insights to renegotiate with suppliers or explore alternative sourcing options
Hedge price risks by using cost model forecasts to anticipate and mitigate the impact of price volatility, ensuring financial stability
Explore alternative ingredients to effectively manage costs while maintaining product quality, optimizing profitability across your product range

Cost model forecasts

Our global commodity cost models provide a clear breakdown of direct and indirect costs across your product range. Simply input your raw materials, packaging, transport, energy, labor, and other expenses for a detailed view of how these impact your bottom line. Expana’s cost models not only forecast raw material price changes but also show their effects on profitability and competitiveness. Our forecasts empower clients to:

Anticipate costs up to 18 months ahead for better decision-making
Analyze cost components and price trends to plan strategically
Get detailed breakdowns to identify the factors driving cost changes

Cost Model webinar – Demo request form

Your insights, your way

Model product cost

Cost model forecasts

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