Last Updated
Overview
EasyKost helps industrial companies accelerate product costing and improve accuracy through machine learning. Although its analytics are somewhat limited, the intuitive dashboard ensures fast, precise cost estimation and margin optimization. This makes it perfect for Costing, Purchasing, and Research and Development teams aiming for efficiency and competitiveness in product development.
EasyKost Specifications
- Product Lifecycle Management (PLM)
- Real-Time Monitoring
- Cost Tracking
- Alerts/Notifications
What Is EasyKost?
EasyKost is an AI-based Product Cost Management platform that utilizes machine learning and statistical algorithms for fast and accurate cost estimation, specifically for manufactured products. Key EasyKost features include Design-to-Cost, which optimizes product design according to a target cost, and a Cost Control Tower that identifies savings opportunities within existing product portfolios. This helps mid-size to large manufacturing businesses reduce customer response time and increase the overall win rate for tenders by providing quick, data-driven cost information.
EasyKost Pricing
EasyKost Integrations
Who Is EasyKost For?
EasyKost software is ideal for a wide range of industries and sectors, including:
- Automotive
- Manufacturing
- Technology
- Aerospace
- Industrial equipment
- Transportation
- Defense
Is EasyKost Right For You?
EasyKost is the optimal solution for manufacturers needing to rapidly secure and optimize their new business margin through scientific cost estimation. EasyKost software leverages artificial intelligence to create cost models in minutes, not weeks, even with limited historical data. This advanced approach streamlines complex costing practices, making it an excellent fit for companies that prioritize time-to-market and high cost-estimation accuracy.
Still doubtful whether EasyKost is what you are looking for? Call our customer support team at (661) 384-7070 for further assistance.
EasyKost Features
Smart Cost Estimation
EasyKost enables businesses to estimate and model product costs with greater accuracy and speed. It helps reduce customer response time, increase team efficiency, and accelerate product development. By identifying optimization opportunities, it supports precise cost forecasting for new products and services.
Design Cost Optimization
This feature empowers users to optimize product design and performance through reverse costing. It simulates financial impacts in real-time, analyzing variables such as materials and production sites. EasyKost also identifies similar products to reveal rationalization and design improvement opportunities across portfolios.
Centralized Cost Control
The Cost Control Tower provides a centralized solution for continuous cost optimization. It identifies savings opportunities, evaluates procurement portfolio performance, and enhances sourcing strategies. Furthermore, real-time dashboards enable procurement teams to monitor spending efficiency and effectively assess potential cost reductions.
Market Cost Benchmarking
Through its Benchmark module, EasyKost enables instant cost estimations and market comparisons without historical data. Users can predict costs using product attributes, compare pricing against market averages, and identify potential savings across six product categories to make smarter sourcing decisions.
Pros And Cons of EasyKost
Pros
Delivers interactive and insightful data analytics
Identifies key cost drivers with precision
Promotes collaboration across multiple company departments
Cons
Requires highly accurate and consistent data
Primarily designed for cost optimization purposes
EasyKost Reviews
Total 2 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars50%
4
Stars50%
3
Stars0%
2
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1
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Share your experience
Anonymous
Retail, 11-50 employees
“Helpful cost planning tool”
Pros
Being able to use this to estimate costs and prepare for the future is really valuable. It helps us make informed decisions more quickly especially since there are so many factors that go into the overall calculation.
Cons
I can't really say anything negative at this point because I haven't been using the product long enough. I still need more time to explore all of its options before I can give fair critical feedback.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
9
Functionality
9
Ramakrishnan K.
Mid Market, 51-100 employees
“faster costing”
Pros
A big plus with EasyKost is how it improves cost optimization and supports design to cost work in a fresh way. It brings a new approach to product pricing and helps boost productivity by saving both time and resources. Because of that, more attention can go into costing technological innovations and responding much faster when needed.
Cons
One downside is that the interface feels more analytical so it takes some time to become skilled with it and get real hands on confidence. It also has limitations with data entry since it does not accept special characters such as %, &, , ;, /, $ and similar symbols.
Rating Distribution
Ease of use
7
Value for money
7
Customer Support
8
Functionality
7
Frequently Asked Questions
Does EasyKost offer an API?
No, EasyKost does not offer an API.
Who are the typical users of EasyKost?
Typical users of EasyKost are businesses in industries and sectors, including technology, defense, automotive, industrial equipment, manufacturing, aerospace, and transportation.
What language does EasyKost support?
EasyKost supports English and French languages.
Does EasyKost have a mobile app?
No, EasyKost does not have a mobile app.
What other apps does EasyKost integrate with?
EasyKost vendor has not specified its integration details.
What types of pricing plans does EasyKost offer?
EasyKost cost is customized based on each organization’s specific needs. Request a tailored EasyKost price plan for your organization.
What level of support does EasyKost offer?
EasyKost offers support through phone, email, and online form.