Cost Modeling and Forecasting Services

An effective cost model is one of the most valuable tools for an organisation and serves as an aid for building stronger relationships with suppliers while ensuring transparency in costs. By thoroughly understanding the cost structure of the goods and services purchased, we, at IMARC, offer comprehensive cost modeling and forecasting services to assist our clients in their procurement decisions. We provide them with cost models that are flexible, accurate and easy to use. These models help our clients analyse the total production, procurement and ownership costs, enabling them to optimise their processes, thereby, improving the bottom lines.

Benefits of our models

Our cost models are one of the most efficient and predictive models in the industry. With precise details about the manufacturing process, they also have information about the pricing of all the components affecting the production cost such as the process, machinery, raw materials, by-products, utilities (electricity, steam, fuel, process water, etc.), investment, labour, financials, etc. IMARC also collects other external data such as shipping/transportation indices and federal government economic indicators (CPI, PPI, BLS surveys, etc.) which may possibly affect the procurement costs. With the help of this information which includes cost components and drivers, we present to our customers an organised and standardized data by using different modeling techniques such as Time Series Modeling and Regression Trees. These models are validated by our analysts and other domain experts reaching a value nearest to the actual cost. The final prepared models can predict the production costs over a specified time period as required by the client (depending upon the amount of available historical data).

The final model will help the client:

  • Identify the total cost of products/services being procured.
  • Understand all the factors affecting the procurement costs.
  • Develop a deep understanding of the flow of manufacturing process.
  • Control and monitor procurement finance and resolve any issues related to it.
  • Engage a supplier that has not provided any cost information.
  • Prepare for supplier negotiations and compare suppliers’ proposals that contain different supply chain components.
  • Build credibility and respect during negotiations.
  • Decide whether to produce or buy.

Our Clients

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Rmd
Samudera
Amerisource
Skycell
Fedex
Alicorp
Maersk
DHL
Microsoft
United Parcel service

Client Testimonials

Client feedback means a lot to us, and we ensure that a partnership with IMARC provides our clients with the insights, strategies, and execution needed to achieve their business goals. Read our testimonials to find out what our customers say about our work.

What Makes IMARC a Trusted Market Research Partner

Strong Inhouse Expertise

  • Experienced consultants proficient in diverse business domains, providing tailored solutions for your specific needs.
  • Advanced data modeling and analytical expertise to support robust business strategies.
  • Expertise in regulatory approvals and licensing processes to ensure seamless compliance and operational efficiency.
  • Strong domain expertise across multiple industry verticals.
  • Specialized in business setup services, offering comprehensive support from feasibility analysis to operational excellence.
  • Proficient in quantitative and qualitative primary research, delivering deep insights for strategic decision-making.

Client Base

  • We partner with clients from a wide range of industries.
  • Existing clientele of 3000+ organizations across the private, public, and social sectors.
  • Client base extends across Asia, North America, South America, Europe, Australia, and Africa.
  • Highly satisfied clients, with over 65% of our new business generating from referrals.
  • Our association with some of the world's top corporations and institutions demonstrates that your assignment is in the right hands.

Network of Experts

  • Strong network of experts across all major industries and geographies.
  • Commercial and non-commercial relationships with some of the world's top institutions.
  • Access to industry experts for validation and enhancement of business strategies, ensuring optimal outcomes.
  • Multilingual capabilities to support diverse global operations.
  • Effective partner identification services to secure strategic alliances and drive business growth.

Customized Solutions

  • Global consulting services covering a broad spectrum of industry verticals.
  • Tailored research strategies combining industry surveys, expert interviews, and advanced analytical techniques.
  • Comprehensive support for business setup, including site selection, compliance, and operational launch.
  • Specialized marketing and sales services to enhance market reach and revenue growth.
  • Extensive procurement research to optimize supply chain efficiency and cost-effectiveness.
  • Detailed market analysis and tracking of high-growth markets to stay ahead of industry trends.
  • Over 15,000 off-the-shelf industry reports and on-demand expert support for immediate insights.
Operations Excellence

Operations Excellence

  • Efficient management of end-to-end business processes, ensuring seamless establishment and operation.
  • Continuous support services for sustained success and adaptability in dynamic markets.
  • Strategic consulting to enhance business performance, operational efficiency, and competitive advantage.
  • Comprehensive business development services, driving growth and long-term success for your organization.

Cost Modeling and Forecasting Services

The final model will help the client:

  • Identify the total cost of products/services being procured.
  • Understand all the factors affecting the procurement costs.
  • Develop a deep understanding of the flow of manufacturing process.
  • Control and monitor procurement finance and resolve any issues related to it.
  • Engage a supplier that has not provided any cost information.
  • Prepare for supplier negotiations and compare suppliers’ proposals that contain different supply chain components.
  • Build credibility and respect during negotiations.
  • Decide whether to produce or buy.