Should-Costing with CostmatiQ

One connected cost intelligence platform.

Hover or tap any module on the ring to see what it does.

CostmatiQ

One connected
cost intelligence
platform

What should-costing is

Estimated by Calculation, Not Assumption

A scientific, first-principles method of estimating product cost, in which the optimal manufacturing route is selected to achieve minimum material wastage, minimum processing time and the optimum machine for the job, while fully meeting engineering specifications.

Illustrative cost split

  1. Material
  2. Process
  3. Tooling
  4. Overheads
  5. Packaging, freight and duties
  6. Fair supplier profit
Result

A clear cost benchmark for supplier discussions.

An optimum cost the part should carry under efficient operating conditions.
Benefits of should costing

Turns cost negotiation from opinion into evidence.

The same cost model serves negotiation, design review and sourcing strategy.

  1. 01

    Fact-based negotiation

    Enter discussions with a defensible number instead of a percentage demand.

  2. 02

    Identifies the true savings gap

    Quantifies exactly where, and how much.

  3. 03

    Exposes design-driven cost

    Reveals tolerances, features and material choices we are paying for but may not need; feeds directly into VA/VE.

  4. 04

    Sound make/buy and sourcing decisions

    Compares suppliers, processes and locations on a like-for-like basis.

  5. 05

    Supplier development, not just pressure

    The cost breakdown shows where the supplier is inefficient, enabling joint improvement.

  6. 06

    Institutional cost knowledge

    Models and rate databases become a reusable asset, reducing dependence on individual experience.

Hosting & assurance

CostmatiQ is deployed on Microsoft Azure.

Company credentials and independent assurance are being pursued.

Made in India

Built for a better Supply Chain Ecosystem.

Industry 4.0

Company credentials

  • Private LimitedCompany incorporation
  • MSME / UdyamEnterprise registration
  • Startup IndiaDPIIT recognition

Security & quality

  • Microsoft Azure LiveCloud infrastructure with built-in security controls.
  • ISO 9001 In progressQuality management
  • ISO/IEC 27001 In progressInformation security management
  • SOC 2 In progressIndependent controls examination
  • VAPT In progressApplication & infrastructure testing
Associations & support

Rooted in an engineering institution.

Institution & membershipsFour

Software support partnersThree

An engineering-school lineage, with production support from established technology partners.
Our solution

What goes in. What comes out.

Product inputs

  • 012D drawing
  • 023D model
  • OR
    03Excel BOMAlternate to 2D / 3D
  • 04Supplier cost breakup
CostmatiQ

CostmatiQ outputs

  • 01
    Should-cost ReportMaterial, conversion, tooling, packaging, logistics, markups
  • 02Simulation results
  • 03Tooling Layout & Cost Simulation
  • 04CO2e & alternates
  • 05DFM analysis
  • 06DTC analysis - Best cost parameters
  • 07Quote-gap analysis & Negotiation levers
  • 08Live negotiation assistanceRoadmap
One traceable cost model for Design, Engineering and Purchasing.
Commodity coverage

Seven commodity families. 100+ process engines.

CAD & DFM

QCad

  • Dimension extraction
  • Wall thickness analysis
  • Feature recognition
  • DFM analysis

Machining

QCam

  • Machining toolpath simulation
  • Operation visualisation
  • Stock generation
  • Cutting tool selection

Plastics

QPlast

  • Undercut detection
  • Gate, Sprue, Runner design
  • Cavity Layout Visualization
  • Mold 3D view
  • Fill & Cool Analysis

Casting

QCast

  • Undercut detection
  • Gate, Runner, Riser design
  • Cavity Layout Visualization
  • Pattern, core extraction
  • Fill & Cool Analysis
  • Mold 3D view

Sheet metal

QSheet

  • Unfolding & Nesting
  • Stage, Progressive & Laser-cut Nesting
  • Progressive Strip Layout
  • 3D Stage Visualization
  • Process Planning
  • Draw bead & addendum generation
  • Mold 3D view

Forging

QForge

  • Forgeability assessment
  • Preform & die sequence
  • Flash & machining allowances
  • Forging load & press tonnage
  • Mold 3D view

PCBA

QPCB

  • PCB 3D visualization
  • Panelization
  • Layers & Drill analysis
  • PCBA DFM analysis
  • Component BOM costing

Assembly

QJoin

  • Virtual assembly simulation
  • Assy Sequence
  • Assy cell design
  • Station & line balancing
  • MOST Analysis
Different manufacturing methods, compared on the same terms.
Database & intelligence

Reliable inputs, better engineering choices, a stronger basis for negotiation.

Material

RM Master

  • Global RM price database
  • Grades, properties and TDS
  • Price and CO2e alternatives
  • RM indexing

Design

DFM + Design to Cost

  • Manufacturability checks
  • Material, geometry and process alternatives
  • DtC CAD proposals

Machines

Machine Master

  • Global machine library
  • Machine-hour rates breakup
  • Regional cost indices

Sourcing

Supplier RFQ

  • Platform to get supplier quote

Suppliers

Supplier Master

  • Supplier markup details & norms
  • Supplier material libraries
  • Supplier machine libraries
  • Quotation history

Negotiation

Negotiation levers

  • Supplier quote against should-cost
  • Test material, cycle-time and rate assumptions
  • Rank levers by engineering evidence
  • Prepare the questions to ask

Labour

Labour Master

  • Global Labour rates
  • Wages, benefits and statutory costs

Imports

Duties & Tariffs

  • Duty and tariff inputs by HS code
  • Preferential tariff scenarios
Competitive landscape

Where CostmatiQ goes further · engineering, data & sourcing

Capability coverage by vendor. Yes counts 1, Partial counts half; the percentage is the share of all capabilities.
ModuleCapabilityCostmatiQ100%aPriori36%Teamcenter PCM26%EPC Suite17%Tset21%DFMA28%True ValueHub41%Costimator22%SEER-MFG17%LeanCOST24%
QCad2D drawing / PDF input
3D CAD model input
Dimension & Feature extraction
DFM / manufacturability checks
Plug-in that runs inside the CAD
Feature recognition, DFM analysis
QMoldMold design & 3D visualization
QPlastUndercut detection · Gate, Sprue, Runner design · Cavity Layout Visualization · Fill & Cool Analysis
QSheetUnfolding & Nesting - Stage, Progressive & Laser-cut
Progressive Strip Layout · 3D Stage Visualization · Process Planning · Draw bead & addendum generation
QPCBPCB 3D visualization
Panelization · Layers & Drill analysis · PCBA DFM analysis
Component BOM costing
QCamMachining toolpath simulation · Operation visualisation · Stock generation · Cutting tool selection
QCastUndercut detection · Gate, Runner, Riser design · Cavity Layout Visualization · Pattern, core extraction · Fill & Cool Analysis
QForgeForgeability assessment · Preform & die sequence · Flash & machining allowances · Forging load & press tonnage
QJoinVirtual assembly simulation · Assy Sequence · Assy cell design · Station & line balancing · MOST Analysis
MaterialGlobal RM price database
Grades, properties and TDS
CO2e alternatives
RM indexing
MachinesGlobal machine library · Machine-hour rates breakup · Regional cost indices
LabourGlobal Labour rates
Voice & chatRead and update the BOM · Run costing · Explain any number
Live negotiation assistance
DesignDtC CAD proposals
SourcingPlatform to get supplier quote
NegotiationGap analysis: supplier quote against should-cost
ImportsDuty and tariff inputs by HS code · Preferential tariff scenarios

Scores count Yes as 1 and Partial as ½ across all capabilities, as on the deck; CostmatiQ's live negotiation assistance is counted and is on the roadmap.

Engineering depth beyond costing — one platform for costing, engineering and sourcing.

Onboarding CostmatiQ

Week 1

  1. 01Presentation to Top Management

    Owner CostmatiQ

  2. 02Presentation to Sourcing Team

    Owner CostmatiQ

  3. 03Presentation to Engineering Team

    Owner CostmatiQ

Weeks 2 & 3

  1. Week 2

    04Input collection for three parts

    • Plastic, Sheet metal, PCBA
    • 2D Drawing
    • 3D Model - .stp format
    • Supplier quote or Settled Cost Breakup

    Owner Your Design & Purchasing

  2. Week 3

    05POC on three parts

    • CostmatiQ team will come to your premises and perform the cost estimation in CostmatiQ application.

    Owner CostmatiQ

Week 4

  1. 06Output pack

    • Cost report
    • Gap analysis
    • Negotiation levers

    Owner CostmatiQ

  2. 07Cross-functional review

    • Design, Purchasing and Manufacturing agree the target and own the levers.

    Owner You + CostmatiQ

  3. 08Supplier negotiation

    • Evidence-led discussions

    Owner Your Purchasing

09Savings realisation
  1. Identified
  2. negotiated
  3. PO updated
  4. verified on the invoice
Owner Your Finance & Purchasing
Presentation to your procurement team

Procurement playbooks

Supplier negotiation runs on two tracks.

Track 01

NPD parts

New parts under development, costed before the supplier is locked in.

  1. 1Collect 2D drawing, 3D model and specs
  2. 2Should-cost the part in the CostmatiQ app
  3. 3Generate the should-cost report
Outcome

Target price for sourcing the new part

Track 02

Existing parts

Parts already in production, stratified so each kitty is costed and negotiated.

  1. 1Products

    Split spend by product line.

    • Refrigerator
    • Washing Machine
    • Air Conditioner
    • + other lines
  2. 2Commodities

    Group parts into kitties.

    • Motor
    • Drum Assy
    • Enclosure
    • Proprietary parts
    • + more
  3. 3Cost each kitty

    Should-cost in the CostmatiQ app.

    • Should-cost per part
    • Quote-gap per supplier
    • Gap rolled up per kitty
  4. 4Negotiate

    Each kitty, with the cost evidence.

    • One supplier, one kitty, one discussion
    • Levers per part
    • Savings tracked to PO

Proprietary parts (dashed) and raw materials get their own approach — next tabs.

Proprietary parts: two routes to a should-cost.

Route A

Get the data

Obtain the 3D models and 2D drawings from the proprietary supplier.

OR

Route B

Teardown & reverse engineer

Tear down the part, reverse engineer it and build our own 3D model.

In CostmatiQ

Should-cost

Cost the part from the model, whichever route supplied it.

Market benchmark

  • Where competitors buy the part
  • What price they pay

Then

Levers & negotiation

Should-cost plus benchmark give the negotiation levers — even for a sole-source supplier.

A sole-source part still gets a should-cost and a market price to negotiate against.

Raw-material negotiation, driven by index data.

01

RM costing algorithm

RM cost of each part calculated from its material content and the current commodity rate.

  • Material content per part
  • Live commodity rates
02

Commodity & index monitoring

Commodity prices and indexes are tracked continuously, so every movement is visible.

  • Commodity prices
  • Indexes
03

Competitor RM price analysis

Compare the RM prices you pay with what competitors pay for the same materials.

  • Competitor RM prices
  • RM price gap
Levers for RM price reductionIndex-backed evidence for the RM price discussion with every supplier.

RM prices negotiated on data: the algorithm, the index and the market.

Capex negotiation, costed before the PO.

01

Tooling cost

Mould and die cost built up from tool steel, standard parts, machining hours and tryout.

  • Tool cost breakup
  • Cavitation & tool life
02

Jigs & fixtures

Welding, assembly and checking fixtures costed from their design and build hours.

  • Fixture BOM
  • Design & build hours
03

SPM & line

Special purpose machines and lines costed station by station, up to commissioning.

  • Station-wise cost
  • Bought-outs & automation
Levers for Capex negotiationShould-cost for every tool, fixture and machine before the PO is placed.

Capex negotiated on engineering cost: tools, fixtures and lines.

POC on three parts.

Plastic, Sheet metal, PCBA: 2D drawing, 3D model (.stp) and the supplier quote or settled cost breakup. Output pack: cost report, gap analysis, negotiation levers.