Product cost benchmarking is a game-changer for organizations seeking to excel in today’s fiercely competitive market. By benchmarking their products against competitor models and harnessing the power of data-driven decision-making, organizations can optimize their products – from the design, sourcing and procurement phases all the way through the related manufacturing activities.

In this whitepaper, we explore how competitive product cost benchmarking can give organizations access to product-related best practices that provide a competitive edge in terms of improved market share, enhanced customer retention and increased customer engagement, empowering them to deliver an unparalleled consumer experience.