Manufacturers in the process of selecting new locations in Mexico for their operations need a full understanding of costs to take advantage of the benefits of manufacturing in the country. This whitepaper covers: the benefits of a cost model, an overview of elements included in a cost model and insight into the types of costs manufacturers should plan for, insight into true costs in Mexico, the importance of customizing each cost model, and a review of the factors that make Mexico cost-advantageous compared to other global manufacturing locations.