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Product Cost Management

Product Cost Management for Industrial Machinery & Heavy Equipment

Machine and equipment costs are under constant pressure and increasingly stringent governmental regulations. Customized user specifications around the globe affect delivery, costing, and quality control processes in the industrial machinery and heavy equipment industry. Our solutions help deliver a competitive advantage through an effective, sophisticated product cost solution that integrates a world class PLM program with precise cost management tools.

Machine and equipment costs are under constant pressure and increasingly stringent governmental regulations. Customized user specifications around the globe affect delivery, costing, and quality control processes in the industrial machinery and heavy equipment industry. Our solutions help deliver a competitive advantage through an effective, sophisticated product cost solution that integrates a world class PLM program with precise cost management tools.

Product Cost Management for Industrial Machinery & Heavy Equipment

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Innovation, quality control and cost management are crucial for success in today’s industrial machinery and heavy equipment market. With downward margin pressure and globalization, the increased need for machine and equipment customization and global competitiveness is at an all-time high. Understanding your cost structure regardless of business model or market segment has never been more important. Tomorrow’s market leaders will require standardized cost methodologies and accurate costing data models to ensure precise estimation and forecasting figures, transparent insight into costing processes, and immediate access to accurate equipment information.

Our solutions provide a complete, integrated product cost management solution that combines the power of the leading global Digital Innovation Platform with accurate and simplified product and process cost management tools in one unified system. Our solutions provide the opportunity for industrial machinery and heavy equipment manufacturers to optimize machine and equipment costs in order to maximize margins. Our system allows cost engineers to efficiently work within the proper context of the product lifecycle to obtain reliable cost estimates, select and optimize purchase strategies that allow customers to confidently assign profitable selling prices, and maximize Return on Investment (ROI).

Product Cost Management for Industrial Machinery & Heavy Equipment

Solution Capabilities

Bill of Materials Management

React quicker to changes in product design, material and manufacturing processes by obtaining BOM information and visible 3D data directly from the PLM system for product and tool cost calculations.

Design-to-Cost

Identify cost drivers early in the development process, and suggest alternative solutions by representing an entire product price structure to see the impact of development-related changes on the price at any time

Profitability Calculation

Predict future unit costs and prices over the entire product lifecycle to determine the profitability of projects as well as compare company projects and programs to make the best investment decisions.

Purchase Price Analysis

Run reliable cost estimates of supplier parts on different commodities to help in cost structure negotiations and value engineering workshops with suppliers.

Quotation Costing

Enable a stronger position in cost negotiations by negotiating with your customers using cost data in customized formats which represent clear cost structure and a plausible breakdown of the product costs.

Target Costing

Simulate different scenarios, including production sites, machines, and pre-configured reference processes for numerous manufacturing technologies and cost rates utilizing an extensive database of cost-relevant information.

Tool Purchase Price Analysis

Achieve higher cost savings for procurement tools with a powerful tool purchase price analysis system that delivers faster, more accurate and comprehensible results based on parametric models.

Tool Quotation Costing

Create timely and reliable cost estimates for quotations and tool cost analysis using cost information for a variety of tool technologies, including injection molding, die casting, stamping and composite tools.

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