Costdata
A global cost engineering provider, leveraging the world’s largest cost database and advanced software to simulate and calculate product and service prices.
Gain complete visibility to optimize your cost management, pricing accuracy, and decision-making.
Our Partnership
As a trusted global leader, Sourcing Champions partners with Costdata to pilot, implement, and drive transformational programs that revolutionize cost visibility, benchmarking, and procurement optimization. Leveraging Costdata’s comprehensive analytics platform, Sourcing Champions brings a proven methodology for data-driven procurement excellence, drawn from years of experience with large multinational enterprises. Our strength lies in our unparalleled expertise in cost management and procurement analytics, making us the ideal partners with Costdata to help organizations achieve deeper insights and strategic value from their procurement functions.
At Sourcing Champions, our mission is to empower organizations to transform cost management into a competitive advantage. We focus on delivering actionable insights and enhanced transparency, ensuring that every procurement decision is informed and impactful. The partnership with Costdata aligns perfectly with our vision to elevate cost visibility and benchmarking to a strategic level. Together, we provide the C-suite with a holistic view of their company’s cost structures and market dynamics, enabling precise, data-driven decision-making. By joining forces, Sourcing Champions and Costdata set a new standard for procurement effectiveness, driving measurable improvements in cost management and procurement performance for our clients.
About Costdata
Costdata is a global leader in cost management and cost engineering, offering a unique combination of the world’s largest cost database, advanced calculation software, and expert consulting services. With over 25 years of experience, Costdata empowers businesses to make smarter, data-driven decisions, optimize costs, and gain a competitive edge.
Comprehensive Market Data: Access regularly updated information across global industries, including materials, wages, and overheads, to ensure accurate cost calculations and strategic decision-making.
Advanced Calculation Software: Intuitive software integrates seamlessly with our data, enabling precise full costing, machine hourly rate calculation, and rapid cost estimation tailored to your specific needs.
Expert Consulting: Consulting team provides tailored solutions in cost engineering, from cost optimization and analysis to training and process improvement, helping you uncover savings and enhance efficiency.
Costdata brings over two decades of expertise in cost management and cost engineering, providing businesses with holistic solutions that integrate comprehensive data, advanced software, and expert consulting. With a focus on delivering end-to-end support, we offer precise, actionable insights that drive measurable results and ROI, helping organizations optimize costs and make strategic decisions with confidence. Unlock your business’ full potential with Costdata’s comprehensive solutions.
“The comprehensive solution for accurate cost calculations, global pricing insights, and optimized cost management”
Our Combined Offering
Empower your organization with a comprehensive cost management and procurement optimization solution through the combined expertise of Sourcing Champions and Costdata. Together, we deliver innovative and data-driven solutions to enhance all aspects of cost visibility, benchmarking, and procurement strategy – from detailed market data, precise cost estimation, and comprehensive consulting to advanced analytics and actionable insights.
Costdata Proof of Concept (POC): Our proof of concept demonstrates the transformative potential of cost data in decision-making. We integrate extensive cost and market data across multiple sources and formats, then meticulously clean, categorize, and align this data with your specific business requirements. This process culminates in highly detailed dashboards with drill-down capabilities, allowing you to explore cost drivers, uncover savings opportunities, and benchmark against industry standards. Our proof of concept provides a clear view of how improved cost visibility can enhance your strategic decisions and procurement outcomes.
Costdata Implementation: By combining Sourcing Champions procurement expertise with Costdata’s powerful analytics platform, we deliver a next-generation cost management solution tailored to your organization’s needs. Following the initial proof of concept, our structured onboarding and training programs ensure that your team gains the skills and tools needed to effectively leverage the platform. Our ongoing support, including coaching and mentoring sessions, helps drive user adoption and maximize the impact of the solution. A dedicated project team with clear governance and management oversight guarantees a seamless implementation, enabling you to achieve a holistic view of your cost structures and optimize your procurement processes.
Together, Sourcing Champions and Costdata empower your organization with the tools and insights needed to unlock new levels of cost efficiency and strategic value.
