How Outdated Cost Estimation Methods Hurt Your Bottom Line
Many tools and cost estimation methods manufacturers use can make or break their company’s profitability margin. If cost estimates rely on legacy spreadsheets, static assumptions, or disconnected systems, they will likely result in underpricing, hidden waste, and lost opportunities. To stay competitive, businesses must modernize their cost estimation tactics, refine product costing, and adopt process automation to align estimation with the realities of modern manufacturing practices. The Problem with Outdated Cost Estimation Methods Many manufacturers continue with cost models…