Using Bill of Materials (BOM) Cost Forecasting to Drive Profitability

Watch the recent PACE Hosted Webinar “Using Bill of Materials (BOM) Cost Forecasting to Drive Profitability”, featuring Michael Rea, PlaidCloud co-founder, recorded Thursday, July 31, 2025, at 11 AM EST. The session focused on improving financial performance by applying real-time data integration and analytics to BOM cost forecasting to identify key cost drivers and enhance decision-making.

WATCH HERE. https://youtu.be/pwJXS5SOFdI?si=vV5wL1Mh3Vfh_nVJ

Key Takeaways from the Webinar Streamline BOM Cost

• Forecasting. Participants learned how to use real-time data integration and analytics to simplify the BOM cost forecasting process.
• Analyze Key Cost Drivers. The webinar covered how to analyze and understand the impact of raw material fluctuations, tariffs, and engineering changes on profitability.
• Leverage Emerging Technologies. Attendees were introduced to technologies like Artificial Intelligence (AI) and Machine Learning (ML) for enhancing profit optimization and cost prediction.
• Generate Data-Driven Insights. The session provided a practical framework for generating insights from case study scenarios to make faster and smarter product cost management decisions.
• Compare Forecasting Methods. The presentation compared traditional versus advanced forecasting methods to highlight profitability improvement opportunities through technology-driven analysis.