A simple and powerful website to effortlessly calculate and manage batch demand planning and in-bottle ingredient formulation costs. The only SaaS platform that allows you to quickly calculate MOQ batch impact and raw material cost impact while streamlining your creativity and productivity as you develop state of the art Cosmetic, Personal Care, and Industrial consumer packaged goods.
Below is what the Create Formula page will look like and how it functions – there are no downloads and/or heavy software integrations. The Create Formula, My Formulas, and Learning Center pages are all PRIVATE – sign up is required to access them.
Benefits for Formulators and Suppliers!
Imagine having the flexibility and freedom to make quick, on-the-spot decisions regarding whether or not an ingredient fits within your formulary budget parameters. No more time consuming, hand written, error filled paper calculations, no more cumbersome process flow rules associated with overly inclusive hardware/software programs, and instead, easy and quick ingredient and formula cost calculations specific to changing package sizes. Not sure if your formula is best suited for a 2, 4, or 8 ounce package size because of cost impact? Solve that problem in a matter of seconds using the Cost My Formula calculator.
Day in and day out you are searching for and being solicited the newest innovations that are demanded by emerging consumer market trends and changing global regulatory requirements. Like us, you’ve probably finished formulation work only to cost out the formula and learn from your supporting teams that the final in-bottle raw material cost is over budget – never again! Now you have an easy to use tool in Cost My Formula that will save you time in pre-formula work so that you can formulate on the bench, close win with the customer, and move on to another project.
We’re a contract filler and private label CPG manufacturer; we have changing needs every day for formula tweaks and net new formula creations. We learned quickly the huge void in our processes that Cost My Formula fixed; our existing software program and process flow methods of inserting and costing new ingredients to match formulation changes took forever – and even still, after all that time coding, we weren’t sure the ingredients would be a fit. Now, with CMF, we know immediately if the cost parameters of formulation tweaks and creation are going to be a fit – huge time and money saver!
We’ve been in your shoe’s, the unknown and anxiety of formulating products and building a brand. There is so many metrics involved with making sure your product and marketing story are ready for the marketplace, the one thing you cannot afford to neglect is ensuring your profitability. We made costing and MSRP mistakes years ago so you don’t have to – using Cost My Formula will ensure you’ve nailed down your in-bottle ingredient raw material cost. So, when you set your market price, you’re certain of your margins and can business plan as such.
Cash flow is a key factor to growing our Indie Brand, and we can’t afford the big player cosmetic Enterprise Resource Planning systems. So our problem was, we couldn’t afford the ERP software suites (NetSuite, Mar-Kov, Batchmaster, Cosmetri, etc) but we needed some of the tools they provide to manage our R&D formulary building budgets and scale up batching calculations. Stumbling upon Cost My Formula was just what we needed. For $19 per month we can cost out all our formulations and instantly see the cost impact varying package sizes have on the total in-bottle raw material cost. Even better is the added telemetry which enables us to make informed MOQ purchasing decisions so we’re not short or long on ingredients for batching!
Technical Sales Rep:
Your customers are using our service daily, why aren’t you integrated? You have the latest innovations and efficacious new technologies – it’s time you partner with a service that helps you convey the message! I bet you have that “expensive” ingredient that is passed by every time…right? Is it because of your technology or fear of how much it would increase the cost of formula? We know it’s the latter!
Even though your specialty ingredient only takes up 0.50% w/w of the formulation, the per LB/KG price tag can be a road block. It’s time you learn the way your customer’s think and ensure they understand the in-bottle raw material cost impact your product has – stop missing out! They want to enhance their formulas and use the latest technologies; that’s why they have chosen Cost My Formula to make sure those ingredients are within budgetary means. It’s time you did too.
True story, it’s like you guys were in the room with me – I was presenting 2 anti-aging actives to a customer with similar benefits. The first one costs $5,000/kg and the second costs $450/kg. Based on the clinical data I know the first one is the higher performing item but the customer would not try it because of the high price tag per KG. Long story short, I whipped out the CMF calculator to show them the real in-bottle raw material cost impact based on the w/w usage of each…guess what…they trialed and purchased the $5,000/kg ingredient. Huge thanks to your team for developing this amazing tool.
Cost My Formula Pricing