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Costing

Bring RFQs, quotes, and landed cost calculations into one view to compare suppliers with confidence. AI-driven insights accelerate approvals, strengthen negotiations, and protect margins across products and ranges.

Intelligent cost engineering and supplier negotiation

Unify RFQ management and negotiate in real time with live chat and instant cost comparisons. Use AI to automate landed cost forecasts for freight, duties, and FX, giving you clear total cost visibility. Simulate range-level scenarios to optimize margins while balancing supplier capacity and budgets. Accelerate approvals with auto cost validation that flags anomalies and escalates high-risk quotes.

Key benefits

Optimize supplier negotiations

Centralize RFQs and quote comparisons, negotiate with suppliers in real time, and quickly identify best-cost options across products and ranges using data-driven insights.

Clear cost visibility

Automate ELC calculations with AI-driven forecasts for freight, duties, and foreign exchange volatility to generate reliable, scenario-based total cost views.

Enable margin-optimized planning

AI-simulated cost scenarios across ranges recommend margin-optimized assortments that balance supplier options and budget constraints for smater, data-driven decisions.

Faster cost approvals

AI detects cost anomalies, validates breakdowns against benchmarks and automates 80% of routine audits, slashing approval cycles and flagging high-risk quotes.

Key features

Multi-supplier RFQs

Templates enable rapid RFQ generation with spec links, auto-distribution, and response deadlines.

Quote capture & compare

Structured, detailed supplier quotes allow easy comparison of unit costs, MOQs, lead times, and terms across bidders.

Landed cost calculator

AI-powered landed cost engine predicts freight rates, duties, and FX with interactive what-if analysis.

Open cost builder

Cost breakdown tools detail supplier material, labor, overhead, and profit, with AI validation.

Quote library

Searchable archive organizes past supplier quotes and auto-generates target costs for new RFQs.

Automated workflows

Automated costing workflows track quote changes, manage approvals, and sync to PLM/ERP in real-time.

Margin simulator

AI-assisted simulator analyzes cost, supplier, and volume to generate recommendations and forecasts.

Range cost analysis

Drag-and-drop tool assigns quotes to placeholders, showing total cost, average margin, price ladder, and supplier risk.

Happy B&H Photo Video employee showing a customer a piece of professional video equipment
B&H
"Before finding TradeBeyond, our invoices were frequently incorrect. TradeBeyond gives us the flexibility to handle more complex requirements with a high degree of accuracy."

"We liken TradeBeyond to a smart phone: We rely on it, we use it for everything, and even though its capabilities evolve and grow over time, we use it intuitively."

Solomon Schnitzler

Manager

FAQs

Find answers to your most pressing questions about our platform and its capabilities.

What is supply chain costing software?

Supply chain costing software centralizes RFQ management, supplier quote collection, and landed cost calculations in one platform. It replaces manual spreadsheet-based costing with automated workflows, AI-driven cost forecasts, and real-time quote comparisons — giving sourcing teams accurate, complete cost visibility across products and ranges to make faster, more confident decisions that protect margins. 

How do companies manage product costing in global sourcing?

TradeBeyond’s costing software unifies RFQs, supplier quotes, and estimated landed cost calculations in a single view. AI automatically forecasts freight, duties, and foreign exchange volatility to generate reliable total cost scenarios. Sourcing teams can run range-level simulations to optimize margins while balancing supplier capacity and budget constraints. 

How does TradeBeyond’s costing software help sourcing teams compare supplier quotes?

It captures structured, detailed supplier quotes that allow side-by-side comparison of unit costs, MOQs, lead times, and terms across multiple bidders. A searchable quote library archives past responses and auto-generates target costs for new RFQs, while AI flags anomalies and validates breakdowns against benchmarks. We make it easy to identify the best-cost option quickly. 

What is should-cost analysis in supply chain management?

Should-cost analysis is the process of estimating what a product ought to cost based on materials, labor, overhead, and profit — independent of what a supplier quotes. TradeBeyond's open cost builder details supplier cost breakdowns at the component level, and AI should-cost models benchmark quotes against market data, flagging variances and enabling more informed, data-backed negotiations. 

How can companies improve cost transparency across suppliers?

TradeBeyond improves cost transparency by requiring suppliers to submit structured, itemized cost breakdowns covering materials, labor, overhead, and margin. AI validates these breakdowns against benchmarks and flags inconsistencies, while automated workflows track quote changes over time. Teams gain a clear, comparable view of costs across their entire supplier base — not just headline unit prices. 

How does costing software help control product margins?

TradeBeyond's AI-assisted margin simulator analyzes cost, supplier options, and volume to generate margin-optimized assortment recommendations. A drag-and-drop range cost analysis tool shows total cost, average margin, price ladder, and supplier risk across a range in one view — allowing teams to make adjustments early in the development process, before costs are locked in. 

What data is required to build accurate product cost models?

Accurate cost models require material costs, labor rates, manufacturing overhead, supplier profit margins, freight rates, applicable duties, and foreign exchange rates. TradeBeyond's landed cost engine combines supplier-submitted open cost breakdowns with AI-driven forecasts for freight, duties, and FX — generating scenario-based total cost views that reflect real-world variables rather than static estimates. 

How can sourcing teams collaborate with suppliers on cost breakdowns?

TradeBeyond enables real-time negotiation with suppliers through live chat and instant cost comparisons — all within the platform. RFQ templates auto-distribute to suppliers with spec links and response deadlines, while the open cost builder gives suppliers a structured format to submit detailed breakdowns. This replaces disjointed email negotiations with a traceable, efficient collaborative process. 

How does TradeBeyond’s supply chain costing integrate with sourcing and procurement systems?

TradeBeyond's costing workflows sync in real time with its PLM and ERP systems. Approved quotes flow directly into purchase order creation, eliminating manual data re-entry and the invoice errors that come with it. This end-to-end connection ensures that costing decisions made during sourcing are reflected accurately across procurement, without relying on separate systems or manual handoffs. 

How does digital costing software replace manual spreadsheets?

Spreadsheets create version control issues, data inconsistencies, and time-consuming manual updates. TradeBeyond’s costing software replaces spreadsheets with: 

  • Automated RFQ generation 

  • Structured quote capture 

  • AI-powered cost validation 

  • Real-time approval workflows 

Your teams spend less time chasing quotes and reconciling data — and more time on strategic decisions, with audit trails and centralized history that spreadsheets simply cannot provide. 

Turn insight into action and opportunity

Whether you're looking to reduce risk, move faster, or grow smarter, our team is here to help you find the right solution for your business and supply chain.

Turn insight into action and opportunity

Whether you're looking to reduce risk, move faster, or grow smarter, our team is here to help you find the right solution for your business and supply chain.

Turn insight into action and opportunity

Whether you're looking to reduce risk, move faster, or grow smarter, our team is here to help you find the right solution for your business and supply chain.