Cost Modeling and Forecasting Services

An effective cost model is one of the most valuable tools for an organisation and serves as an aid for building stronger relationships with suppliers while ensuring transparency in costs. By thoroughly understanding the cost structure of the goods and services purchased, we, at IMARC, offer comprehensive cost modeling and forecasting services to assist our clients in their procurement decisions. We provide them with cost models that are flexible, accurate and easy to use. These models help our clients analyse the total production, procurement and ownership costs, enabling them to optimise their processes, thereby, improving the bottom lines.


Benefits of our models


Our cost models are one of the most efficient and predictive models in the industry. With precise details about the manufacturing process, they also have information about the pricing of all the components affecting the production cost such as the process, machinery, raw materials, by-products, utilities (electricity, steam, fuel, process water, etc.), investment, labour, financials, etc. IMARC also collects other external data such as shipping/transportation indices and federal government economic indicators (CPI, PPI, BLS surveys, etc.) which may possibly affect the procurement costs. With the help of this information which includes cost components and drivers, we present to our customers an organised and standardized data by using different modeling techniques such as Time Series Modeling and Regression Trees. These models are validated by our analysts and other domain experts reaching a value nearest to the actual cost. The final prepared models can predict the production costs over a specified time period as required by the client (depending upon the amount of available historical data).

The final model will help the client:

  • Identify the total cost of products/services being procured.
  • Understand all the factors affecting the procurement costs.
  • Develop a deep understanding of the flow of manufacturing process.
  • Control and monitor procurement finance and resolve any issues related to it.
  • Engage a supplier that has not provided any cost information.
  • Prepare for supplier negotiations and compare suppliers’ proposals that contain different supply chain components.
  • Build credibility and respect during negotiations.
  • Decide whether to produce or buy.

Our Clients

Client Testimonials

Client feedback means a lot to us, and we ensure that a partnership with IMARC provides our clients the insights needed to make informed decisions. Read our testimonials and find out what our customers say about our work.
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

What Makes IMARC a Trusted Market Research Partner

Strong Inhouse Expertise

  • Analysts experienced in primary and secondary research processes with a sound domain understanding
  • Statisticians and modeling experts with unmatched expertise in quantitative research and data modeling
  • Strong domain expertise across multiple industry verticals
  • Host of subscribed databases and industry-specific sources
  • Previous forecasts provided by our analysts have been known to closely match current market trends

Client Base

  • We partner with clients from a wide range of industries
  • Existing clientele of 3000+ organizations across the private, public and social sectors
  • Client base extends across Asia, North America, South America, Europe, Australia and Africa
  • Highly satisfied clients, with over 65% of our new business generating from referrals
  • Our association with some of the world's top corporates and institutions is a testimony to the fact that your research work is in the right hands

Network of Experts

  • Strong network of experts across all major industries and geographies
  • Commercial and non-commercial relationships with some of the world’s top research institutes
  • Access to industry experts to validate and complement internal research findings, resulting in higher quality insights and shortened delivery timelines
  • Multilingual capabilities

Customized Solutions

  • Global coverage across various industry verticals
  • Combination of industry surveys, interviews with industry experts and advanced analytical techniques, supported by secondary research
  • 8000+ off-the-shelf industry reports
  • On-demand support from IMARC industry experts
  • Tracking high growth markets across the globe