Aerospace & Defense
Innovation and collaborative, synchronized program management for new programs
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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Explore the key areas of this solution.
Represent the price structure of your complete vehicle, and predict the impact of design-related changes on the price quickly. Choose the best manufacturing methods based on cost simulations.
Calculate relevant profitability indicators such as internal rate of return, net present value, and payback periods. Compare vehicle projects and programs to make the best investment decisions.
Run reliable cost calculations of purchased parts. Conduct cost structure negotiations and value engineering workshops with your tier suppliers using more accurate cost estimates.
Accurately estimate the costs of launching new vehicle programs by analyzing and simulating direct material costs and manufacturing overhead of your products and variants.
React quicker to changes in your product design, material selection, and manufacturing processes by analyzing costing data that use BOM and 3D product data from the PLM system.
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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