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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 manage the process of should-costing analysis for supplier parts as well as tools in procurement.

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Product Cost Management for Automotive OEMs
OEM Product Cost Management for Automotive OEMs
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. Leveraging cost management through collaboration, knowledge sharing about outsourced added-value and a holistic approach of total product cost optimization. Connect and drives the OEM’s cost engineering activities by boosting efficiency and output to achieve higher cost savings and realize lower purchase prices for parts and tools.

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

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