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Product Cost Management

Achieving target cost is especially important in the consumer goods industry due to fierce competition and tight margins. 

Our integrated product cost management solution allows customers to identify the best price of a product early in the development process, which could make the difference between success and failure.

Achieving target cost is especially important in the consumer goods industry due to fierce competition and tight margins. 

Our integrated product cost management solution allows customers to identify the best price of a product early in the development process, which could make the difference between success and failure.

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Whether your company makes bike helmets, fragrances, chocolate bars or office equipment, product cost management is critical in determining product success.

Companies need standardized costing methods plus consistent data and cost models to achieve accurate estimates. They need repeatable and comparable cost figures, efficient costing processes and transparency of product costs. To optimize product costs, manufacturers need an understanding of cost drivers, cost impact of changes and systematic tracking.

Rich product costing capability provides the entire supply chain with more opportunities to optimize costs that help maximize margins, profits and return on investment. Our integrated product cost management solution combines the power of the world’s leading PLM platform with sophisticated product cost management tools. The ability to target the cost of a product across the lifecycle and create simulation scenarios offers a competitive advantage.

Solution Capabilities

Explore the key areas of this solution.

Bill of Materials Management

Efficiently participate in and contribute to the development lifecycle of your consumer product by not leaving the costing application to get to the right information.

Design-to-Cost

Represent an entire price structure of a consumer product and see the impact of development-related changes and different price scenarios at any time.

Profitability Calculation

Predict future unit costs and prices over the entire product lifecycle of a consumer product to ensure smart investment decisions.

Purchase Price Analysis

Run reliable cost estimates on different commodities. Conduct cost structure negotiations and value engineering workshops with suppliers to ensure that parts and material costs achieve company goals.

Quotation Costing

Negotiate with your distributors using optimized and comprehensible cost data in customized formats to gain a stronger position in cost negotiations.

Target Costing

Estimate the costs of a new consumer product from the product realization cycle until start-of-production. Determine costs, materials and manufacturing steps. Simulate scenarios using different sites and process parameters.

Tool Purchase Price Analysis

For the tasks within the purchase price analysis, cost engineers can shadow calculations as a plausibility check on the calculations of their suppliers.

Tool Quotation Costing

Create timely and reliable estimates for quotations and tool cost analysis when operations like injection molding, die-casting, stamping and composite tools are involved in the production of consumer goods.

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