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OEM Product Cost Management for Automotive OEMs

Regulatory pressures, changing consumer preference and intense competition in the automotive industry are putting pressure on OEMs to optimize product costs. With an integrated product cost management solution that combines the power of a PLM platform with sophisticated product cost management tools, automakers can forecast and analyze target costs, best cost-based purchase prices and profitable sales prices more efficiently.

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OEM Product Cost Management for Automotive OEMs

Regulatory pressures, changing consumer preference and intense competition in the automotive industry are putting pressure on OEMs to optimize product costs. With an integrated product cost management solution that combines the power of a PLM platform with sophisticated product cost management tools, automakers can forecast and analyze target costs, best cost-based purchase prices and profitable sales prices more efficiently.

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OEM Product Cost Management for Automotive OEMs
OEM Product Cost Management for Automotive OEMs
OEM Product Cost Management for Automotive OEMs

Regulatory requirements related to fleet-wide emissions reduction, along with newer safety-related mandatory features, are adding significant costs for automakers. OEMs need cost-effective ways to fulfill their product development and manufacturing priorities to bring these new solutions to market. Changing consumer preference and intense competition in the industry is also creating pressure to optimize product costs. Controlling development costs and prices are critical in determining how successful an automaker will be with its products in today’s competitive global market.

Siemens PLM Software offers an integrated product cost management solution that combines the power of the world’s leading global PLM platform with sophisticated product cost management tools all in one system. 

Automakers can implement standardized costing methods and analyze accurate estimates of product costs. The knowledge of cost drivers and how engineering changes affect the estimates are critical in realizing automotive program costs targets. Integration with the PLM platform enables cost engineers to work within the context of the product lifecycle. Automakers can now obtain reliable cost estimates regarding target costs, best cost-based purchase prices and profitable sales prices.

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OEM Product Cost Management for Automotive OEMs
OEM Product Cost Management for Automotive OEMs

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