Cost Estimation and Data Mining Tool Determines the Cost of New Products or Services

You’d like to think that the cost of your products and services is nailed down in the form of negotiated contracts with suppliers, but that isn’t always the case:

If you’re re-engineering a product using parts of different dimensions to those you use today, you’ll need to know if it’s financially viable to do so.

If you’re submitting a sales proposal for a significant contract or customer win, you should know what elements will drive your pricing.

What those two examples have in common is ‘cost estimation’ – having the ability to estimate cost in seconds, with confidence is pretty powerful stuff. I came across a SaaS platform recently, easyKost. It’s a global company with its roots in France, and in itself it is a simple concept.