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Walkthroughs

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How to Reduce Spend with Muir's Cost Analyzer

How to Reduce Spend with Muir's Cost Analyzer

Using Muir's AI engine, customers are getting scaled Product Intelligence. This means with minimal data input, as simple as a product number or descriptions, customers can now get granular data into a product's Bill of Material, supply chain and should cost. Procurement and strategy teams can utlizie this capability and Muir's Cost Analyzer to improve supplier negotiations, reduce time on tear downs and explore new strategies. See how in the steps below:

  1. Using Muir's Product Intelligence engine, customers automatically recieve a dynamic should cost of their products.
  2. Cost Analyzer provides detail into the cost drivers across material, labor, overhead and value add.
  3. Customers can then dive deeper into Cost Breakout where they can explore cost drivers by sub-component and identify the driving materials within their product design.
  4. Further breakout of labor and overhead allows a procurement team to anchor the real dirvers for product.
  5. Muir's model also generates strategic scenarios for customers to consider, like alternative sourcing locations.
  6. When ready, a user can then further explore a Scenario by utilizing Supplier Search to connect with potential vendors.

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