Cost Intelligence
The industry's broadest and most in-depth data and insights into supply chain costs and underlying commodity and labour markets
Identify market-based risks and opportunities
Are my prices trending in line with the market, and if not, what factors are driving the cost differences? Many organisations struggle to answer questions like these. Cost Intelligence® provides proprietary cost models that allow historical and forecasted analysis of cost trends, enabling you to stay cost-efficient.
Variables that impact go-forward pricing are all informed by our expert reports and robust data
7500+
Unique cost models providing coverage for CAPEX and OPEX equipment, materials, and services across the globe in all energy segments
200+
Global data sources underpinning and maintaining our trusted market indices
24
Years of historical data and forecasted data projected on a rolling 5-year time frame
Features and workflows
Wood Mackenzie Cost Intelligence enables you to conduct deep analyses into costs, track market trends, forecast recurring costs and maximise alignment to the market.
Key features of Wood Mackenzie's Cost Intelligence:
- Achieve substantial savings through data-driven, more transparent supplier negotiations
- Understand the cost composition of purchased items and services
- Identify cost trends over time by tying the underlying costs of items and services to relevant market indices
- Forecast and predict market-based cost risks
- Pinpoint pockets of opportunity resulting from volatile market movements
- Evaluate contract performance over time relative to market cost movements
- Leverage relevant and granular indices to aid in pricing formula composition
- Act quickly by accessing thousands of cost models and should-cost trends, tens of thousands of commodity and labour market cost indices
Wood Mackenzie's Cost Intelligence provides data including:
- Historical cost trend data dating back to 2000 and forecasted cost trend data out to 5 years in the future
- Libraries of item and service-level cost models that cover all key cost categories
- 30,000+ underpinning commodity and labour cost indices
- 1,500+ item and service cost models tying commodity and labour cost indices to weighted cost drivers
- Built-in functionality to create and customise models, libraries and upload your own market indices.
Wood Mackenzie's Cost Intelligence enables a number of key workflows including:
Supply chain management:
- Track market trends, forecast recurring costs and maximise alignment to market.
- Leverage our data within supplier negotiations.
- Evaluate RFP bid rates to market forecasts for more informed purchase timing.
- Identify strategic sourcing opportunities.
- Forecast spend for budgeting and planning.
Project Management:
- Forecast project CAPEX to inform decision-making and manage total project costs.
- Inform project investment decision making via economic analyses.
- Utilise our project cost estimations using historical project cost data translated to the present.
Market intelligence:
- Access database of indices for commodity tracking across our dynamic digital platform for ease of cost model management and customisation.
- Identify the most relevant commodity indices to be utilised for analysis.
- Support high CAPEX project initiatives or ongoing projects.
Business development:
- Gain forward-looking visibility into asset-level costs to inform portfolio and project decision-making.
- Use historical project cost data translated to the present to help you capture market-based cost savings post asset/business acquisition.
Financial forecasting:
- Get visibility into historical and base enterprise costs to track market volatility and assess future cost estimates.
Why choose WoodMac's Cost Intelligence?
The modules within the Wood Mackenzie Supply Chain Intelligence Platform offer data and insights to support cost reduction, risk management and performance improvement. Cost Intelligence enables users to identify market-based risks and opportunities with access to thousands of cost models and indices, should-cost trends, and qualitative market reports. This enables organisations to quickly understand and act upon market dynamics at a regional, national, and international level.
Frequently asked questions
Here you’ll find answers to the most common questions you may have on Wood Mackenzie’s Cost Intelligence. If you have any other questions, get in touch.
Cost Intelligence coupled with our Renewable Asset Cost Modelling (RACM) provides an unabridged view of EPC prices in the historical and current market landscapes to better understand what factors are driving the market and where to optimise your financial strategies.
Level the playing field and combat information inequality that exists between vendors and buyers to drive commercial discussions based on our objective proprietary data to effectively minimise cost risks.
Get tailored cost models that fit your workflow in applicable regions and customise based on your technical specification requirements.
Wood Mackenzie offers unmatched support from our expert, in-house analysts to answer questions around the volatile supply chain market and the driving forces behind cost movements.
Contact an expert
Whether you are looking for ways to identify cost savings, forecast cost risks or identify how item costs change, our experts are on hand to advise on how the proprietary, in-depth data within the Supply Chain Intelligence Platform and Cost Intelligence can provide insights to meet your objectives.
