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Product Cost Management for Truck OEMs

Product Cost Management for Truck OEMs

Cyclical demand and high volatility in the trucking industry forces truck OEMs to develop new products and bring them to the market cost-efficiently. With an integrated product cost management solution that combines the power of a PLM platform with sophisticated product cost management tools, truckmakers can forecast and analyze target costs, best-cost-based purchase prices and profitable sales prices more efficiently.

Cyclical demand and high volatility in the trucking industry forces truck OEMs to develop new products and bring them to the market cost-efficiently. With an integrated product cost management solution that combines the power of a PLM platform with sophisticated product cost management tools, truckmakers can forecast and analyze target costs, best-cost-based purchase prices and profitable sales prices more efficiently.

Product Cost Management for Truck OEMs

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Truck manufacturers have to cope with market volatility and cyclical demand. Fleet owners are downsizing fleets and trying to optimize truckloads to compete successfully. This puts pressure on truckmakers to reduce product costs while developing trucks that can meet the varying needs of the market. To compete successfully and bring products to market efficiently, truck OEMs need standardized costing methods to determine accurate product cost estimates early in the product lifecycle.

Siemens 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. Our solution allows truckmakers to 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 product cost targets.

Integration with the PLM platform enables cost engineers to work within the context of the product lifecycle. Our solution enables truckmakers to obtain reliable cost estimates for target costs, best-cost-based purchase prices and profitable sales prices.

Product Cost Management for Truck OEMs

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