A Practical Guide to Cost & Competitive Positioning
Cost benchmarking isn’t just about reducing expenses—it’s a strategic approach to improving product positioning, sourcing efficiency, and pricing decisions. This whitepaper provides a structured methodology to help manufacturers gain cost transparency, assess market competitiveness, and drive smarter business strategies.
About this whitepaper
Benchmarking goes beyond cost-cutting. It helps manufacturers understand how their products compare in the market, identify optimization opportunities, and refine their sourcing and pricing strategies. This whitepaper introduces a structured approach to product cost benchmarking, guiding you through key steps such as teardown analysis, cost modeling, and competitive assessment. It also includes a real-world case study demonstrating how accurate cost breakdowns and data-driven insights can optimize decision-making. Whether you are a cost engineer, product designer, procurement specialist, sales or marketing professional, or business decision-maker, this guide will equip you with the knowledge and tools needed to make informed decisions.
Your takeaways at a glance
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Understand what product cost benchmarking is and why it is relevant beyond cost optimization.
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Learn a structured step-by-step approach to benchmarking, from defining project targets to teardown analysis, cost calculation, and final decision-making.
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Explore a real-world benchmarking case study, demonstrating how Tset’s product cost calculation software enables accurate cost modeling, component breakdowns, and optimization insights.
Explore other resources
Smarter Cost Engineering in Practice
See how product costing tool Tset supports a structured approach — from setting up a project to performing a live, automated part calculation. Based on a forging example, you'll learn how to validate supplier processes, support sourcing decisions, and simplify your daily work with data-driven insights.
7 Steps to Elevate Your Cost Engineering
Why a Leading Tier 1 Automotive Supplier Chose Tset for Product Costing Efficiency
Ready to take your cost benchmarking to the next level?
See how Tset’s advanced product costing software enables accurate benchmarking, cost transparency, and data-driven decision-making. Gain deeper insights into your cost structures and stay competitive with a structured approach to benchmarking.