Benchmarking goes beyond cost-cutting. It helps manufacturers understand how their products compare in the market, identify optimization opportunities, and refine their sourcing and pricing strategies. This whitepaper introduces a structured approach to product cost benchmarking, guiding you through key steps such as teardown analysis, cost modeling, and competitive assessment. It also includes a real-world case study demonstrating how accurate cost breakdowns and data-driven insights can optimize decision-making. Whether you are a cost engineer, product designer, procurement specialist, sales or marketing professional, or business decision-maker, this guide will equip you with the knowledge and tools needed to make informed decisions.

• Understand what product cost benchmarking is and why it is relevant beyond cost optimization.
• Learn a structured step-by-step approach to benchmarking, from defining project targets to teardown analysis, cost calculation, and final decision-making.
• Explore a real-world benchmarking case study, demonstrating how Tset’s product cost calculation software enables accurate cost modeling, component breakdowns, and optimization insights.