Don't miss out on profits: Find out how Should Cost Analysis software finds ways to cut costs and helps you make the most of your investment.

1. Intelligent Cost Estimator – ICE
V2.0
(A Target Price Analysis
Software)
www.CostMasters.in
India’s 1st Most Comprehensive Cost Estimation &
Management Software
Smart Decisions – Better Profits

2. About CostMasters & our work philosophy
● CostMasters Consulting operates as a research, outsourcing
and purchasing consultancy in India. We have domain expertise
in Product Cost Management , Raw Material Price Tracking,
Spend Analysis, Sourcing Services and designing best-in-class
Procurement processes that revolves around profitability for
you. We cater to the Automotive OEM’s , Auto Ancillary and
Engineering Equipment Manufacturers.
● We are a team of highly dedicated, experienced & qualified
professionals of respective domain areas.
● At Cost Masters, we are 100% dedicated to procurement
digitization initiatives. we put empathy , fact based
approach , data driven analysis & measurable results at the
core of our work.
www.CostMasters.in

3. Our story of growth
Started with
an idea to
help companies
benchmark Raw
Material
Prices for
better
negotiations
Another
Milestone
added with
Launch of
Intelligent
Cost
Estimator
Software –
ICE Desktop
version
2013
www.CostMasters.in
2017
2019
Ventured
BidMasters
(e-disposal and
e-procurement)
to revolutionize
non-core domains
of purchasing
2021
ICE Version 2
incorporated with
major focus on
bringing legacy data
into tool along with
Customer and
Supplier costing
comparison
Introduced
Praxis
Customized
costing
solutions to
suit
specific
client needs
2018
ICE V3.0
automation +
Spend Analysis
Supplier RFQ
Integration
Sourcing & Procurement
as a Service
2019
To meet
multiuser
and multi
location
requirement
- ICE Web
version has
been
introduced
Launch of Raw
Material
Forecasting
service to
match pace with
VUCA world
2020

4. • Zero base detailed costing
• Management of Price
indexation
• Work Flow Approvals
• BOM creation & cost
compilation
• Detailed RM & Process cost
estimation capability
• ERP Linking for enhanced
automation
• Should cost analysis
• Scientific coverage of
all cost factors
• Enhanced Transparency
• System based approach
• Traceability &
Analytics
• Standardization
• Sound base for
Internal Audits
For Whom Benefits
• Automotive OEM’s
• Engineering OEM’s
• Earthmoving &
• Agricultural Machinery
• Auto Component
• Manufacturers
• Home Appliances
• Manufacturers
• Electrical Equipment
Manufacturers
Salient
Features
Why US
• Software motto-
“Simply Effective”
• Developed by domain
experts
• Tested & validated by
Industry experts
• Easy to use &
interpret
• Practical aspects in
focus
Intelligent
Cost
Estimator
www.CostMasters.in

5. Ferrous
Casting &
M/cing
Non Ferrous
Casting &
M/cing
Sheet Metal
Fabrication &
M/cing
Forging &
M/cing
Plastic
Injection
Moulding
Rubber
Injection
Moulding
Wiring
Harness
Extrusion
Rubber
Customized
Modules
www.CostMasters.in
Commodity Categories

6. Masters Reports
Data
corresponding
to different
Suppliers &
Customers
Overhead
/Profit
Tool
Process
Product
Model
BOP
Machine
Commodity
Only RM Cost Change Impact
Similar Part Comparison
Purchase Proposals RFQ Manager
Norms Report
RM Price History
Cost History
What if analysis RM Consumption
Bill of Material Creation Old Data integration
www.CostMasters.in
Masters & Reports
PCC for effecting
Cost Driver Changes

7. CostMasters Major clients
www.CostMasters.in

8. www.CostMasters.in
Automation of Metal Pricing Indexes
Standard cost breakdown across all suppliers
Increased Productivity of Cost Management Team
Supplier & Commodity wise Spend Analysis
Identification of Cost Saving opportunities
Work Flow ensures faster & accurate approvals
Central database repository , accessible all the
times
Benefits our clients enjoy
as they march ahead

9. ICE Major Clients
www.CostMasters.in

10. cir@costmasters.in sales@costmasters.in
www.costmasters.in
+91-7696670077
Lets partner to take the next big leap
towards Purchasing Digitization