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Product Cost Management for Automotive Suppliers

To win new business, automotive suppliers must demonstrate capabilities to meet target price estimates, and act as true collaborators in reducing program costs. With an integrated product cost management solution that combines the power of a PLM platform with sophisticated product cost management tools, suppliers can forecast and analyze target costs, best cost-based purchase prices and profitable sales prices. more >

Product Cost Management for Automotive Suppliers

To win new business, automotive suppliers must demonstrate capabilities to meet target price estimates, and act as true collaborators in reducing program costs. With an integrated product cost management solution that combines the power of a PLM platform with sophisticated product cost management tools, suppliers can forecast and analyze target costs, best cost-based purchase prices and profitable sales prices.

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Product Cost Management for Automotive Suppliers
Product Cost Management for Automotive Suppliers
Product Cost Management for Automotive Suppliers

OEMs and Tier 1 suppliers expect price reductions from downstream suppliers as part of their continuous improvement initiatives. In the pursuit of vendor consolidation, automakers are looking for suppliers that can demonstrate capabilities to meet target price estimates and act as true collaborators in helping to reduce program costs. The ability to accurately estimate costs is critical for automotive suppliers to win or lose business.

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. Auto suppliers can implement standardized costing methods and analyze accurate estimates of product costs.

The knowledge of cost drivers and how engineering changes affect estimates are critical in realizing product cost targets. Integration with the PLM platform enables cost engineers to work within the context of the product lifecycle to obtain reliable cost estimates regarding target costs, best-cost-based purchase prices and profitable sales prices.

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Product Cost Management for Automotive Suppliers
Product Cost Management for Automotive Suppliers

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