Pricing it Right with End-to-End Product Cost Simulation

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CIO

To make a profit, manufacturers need more visibility into the cost of goods to sell at a price that reflects the value to customers. And that transparency has been lacking to date. From flour to fuel – and now baby formula – the cost of commodities has skyrocketed while availability has plummeted and no one knows when things will turn around. Clearly, things have gotten out of control. So the leaders at Clariant International, a leading specialty chemical company, decided to build a tool that would monitor and analyze future price changes on finished goods instantly so they could make pricing …

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