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Why You’re Missing Hidden Savings And How Automatic Cost Out Can Help You Find Them

If you're relying on manual teardowns or waiting on supplier quotes to understand product costs, you're not alone. For many sourcing and procurement leaders, getting a full picture of what drives costs across thousands of SKUs is simply unmanageable. With limited time and resources, cost analysis becomes reactive, slow, and often incomplete leaving millions in savings on the table. The harsh truth? You can’t reduce what you can’t see. At Muir, we work with supply chain leaders facing this exact challenge. Our platform delivers automatic cost out at scale, no disassembly, no guesswork, no delay.

The traditional approach to product costing is outdated. Manual teardowns are time-consuming and only feasible for a handful of high-priority products. Spreadsheets and legacy databases lack the flexibility to reflect global cost variables or real-time changes in the supply chain. Worse yet, procurement often defaults to trusting supplier invoices, not because they believe the numbers, but because they don’t have a credible alternative.

As portfolios grow and supply chains become more complex, cost visibility doesn’t scale. The result: slow decision-making, missed negotiation leverage, and costly inefficiencies across the board.

The Shift to Muir's Product Intelligence Platform

Muir's Product Intelligence Platform represents a seismic shift from legacy cost modeling. Rather than relying on static inputs or manual analysis, it uses AI to generate synthetic Bills of Materials (BoMs) from simple procurement data, like a product description or SKU, and builds out complete cost structures, from raw materials to finished goods.

This shift means organizations no longer need to choose between accuracy and speed. With Muir's Product Intelligence Platform, they can have both alongside strategic scenario modeling and competitive benchmarking.

How Muir Solves This

1. Synthetic BoMs from Procurement Data
Muir’s platform uses AI to generate a complete synthetic BoM from minimal inputs. Whether it’s a product name or part number, Muir reverse-engineers the cost structure back to raw materials and manufacturing processes. This enables rapid cost out across entire product portfolios, not just a select few.

2. Automated Trade Flow and Regional Cost Mapping
Every product comes with an invisible supply chain. Muir makes it visible predicting trade flows, regional sourcing, and manufacturing processes specific to where a product is made. This precision enables accurate, geographically contextualized cost forecasts.

3. Cost Reduction Recommendations at Scale
Muir’s Reduction Engine identifies and scores actionable cost out strategies based on each product’s unique value chain. Whether it's a sourcing shift, design change, or manufacturing process tweak, each recommendation is rated by predicted savings and implementation difficulty so teams can prioritize high-impact actions with minimal disruption.

4. Portfolio-Wide Analysis and Forecasting
Executives and sourcing teams can roll up insights across thousands of SKUs. Muir highlights the top cost drivers, identifies which products or suppliers are creating the most volatility, and recommends where to focus cost out efforts. It's not just about one product it’s about transforming your entire cost base.

5. Minimal Input, Maximum Insight
Because Muir works with the data you already have, it eliminates the typical barriers to cost modeling. You don’t need a fully engineered BoM or granular supplier quotes to get started. In fact, many teams begin generating cost reduction opportunities within days of deployment.

Actionable Takeaway

You don’t need perfect data to start reducing costs. You need the right intelligence. By automating the BoM generation process and surfacing cost-saving opportunities across your portfolio, Muir empowers your team to move fast, negotiate smart, and design products for cost-efficiency from day one.

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