Cost Models
Turn commodity benchmarks into product pricing
Use Cost Models to build benchmarks for your own recipes and products, combining Vesper's food commodity data with industry-standard non-ingredient costs.
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Our Users
Trusted by modern FMCG
From single benchmarks to complete product costs
Transform individual commodity benchmarks into custom product cost models that reflect your unique recipes. Combine multiple ingredients with precise weightings to build accurate cost models for your specific products.
Beyond ingredients: complete cost modeling
Access pre-filled manufacturing and operational costs that can represent up to half your product's final price. Simply select your country and industry to complete your cost models with verified non-ingredient data.
Dynamic intelligence: protect margins with real-time data
Models automatically update whenever source prices change. Track composite price development over time and visualize how individual components evolve, identifying which specific ingredients are driving cost changes.
Sales and negotiation
Transform price discussions with trusted data
Replace contentious price negotiations with data-backed conversations. Present independently verified cost models that build credibility and demonstrate price fairness. Turn zero-sum pricing battles into collaborative discussions about value, helping your retail partners understand the true economics behind your products.
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Finance and margin control
Master margin control across the value chain
Act as the critical bridge between procurement and sales with complete cost visibility. Benchmark both buying and selling activities, master strategic price setting, and understand how individual commodities experiencing record volatility impact your bottom line. Take control of margin reporting and forecasting with precision, even in the most challenging market conditions.
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Procurement
Verify price increases with confidence
Eliminate guesswork when evaluating supplier price changes. Instantly see how raw material fluctuations impact finished product costs, and identify where actual costs diverge from quoted increases. Find hidden savings opportunities and negotiate with data-backed certainty, knowing exactly when to push back and when to agree.
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Templates and setup
Start modeling instantly or build custom from scratch
Begin with industry-proven templates covering key food categories, from mayonnaise to protein bars, and from late-night snacks to breakfast staples. Get started in minutes with pre-built models, or build your exact specifications from the ground up by adding your own ingredients and weighting trusted benchmarks to perfectly match your recipes.
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Non-ingredient costs
Complete the cost picture with non-ingredient intelligence
Don't miss half your product's cost story. While competitors leave you to guess at manufacturing costs, Vesper provides verified industry data for labor, production, overhead, and even average profit margins. Simply select your industry and country to instantly apply these crucial non-ingredient costs, factors that can represent up to 50% of your product's final price. Fully customizable for companies with known cost structures, but invaluable for those who lack this data.
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What we track
Coverage across 20+ commodity markets
20,000+ price series across every major ingredient and material category. If your team buys it, Vesper likely benchmarks it.
Grains & oilseeds
Soft commodities
Industrial & inputs
FAQ
Frequently Asked Questions
What is a Vesper Cost Model?
A Cost Model is a product-level price benchmark you build using your own recipe. You select each ingredient, assign its weight in the product, and link it to a Vesper price series. The model calculates your blended ingredient cost and updates automatically as those commodity prices move. You can also add verified non-ingredient costs like manufacturing and labor to get a complete product cost picture.
How do Cost Models help with supplier negotiations?
When a supplier requests a price increase, you can compare their quoted percentage against the actual movement of the relevant commodity benchmarks in Vesper. This instantly shows whether the increase is justified, overstated, or whether prices have actually fallen. Going into negotiations with independently verified data changes the dynamic entirely.
What non-ingredient costs are included?
Vesper provides pre-verified manufacturing and operational cost data covering labor, production overhead, logistics, and average industry margins. Select your industry (for example, bakery or confectionery) and country, and these costs are applied to your model automatically. They can represent up to 50% of final product cost and are fully customizable if you have your own figures.
Do Cost Models update automatically?
Yes. Every time a source commodity price updates on Vesper, whether that's a VPI benchmark, a partner price, or an open-source series, your Cost Models recalculate instantly. You always see a live cost figure, not a static snapshot from last week's spreadsheet.
Can Cost Models be shared across finance, procurement, and sales teams?
Yes. Cost Models are shared across your organization's Vesper account, so procurement, finance, and sales all work from the same verified numbers. This eliminates the problem of each team running their own spreadsheet with different assumptions, and means your organization presents consistent cost data in every internal and external conversation.