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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.

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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.

Solution Capabilities

Explore the key areas of this solution.

Target Costing

Target Costing

Manage costs of new products from early stages of the product realization cycle through production. Determine direct costs, materials and process parameters. Simulate different cost scenarios.

Profitability Calculation

Profitability Calculation

Evaluate whole life costs for competing new product development projects and cost improvements to existing machines. Utilize a comprehensive tool set to include company KPI’s to determine the best investment decisions.

Purchased Part Cost Analysis

Purchased Part Cost Analysis

Engage with supply chain and outsource partners to develop more productive and collaborative relationships through cost structure and value engineering workshops to competitively drive down manufacturing and supply costs.

Design-to-cost

Design-to-cost

Build product cost models early. Evaluate cost changes in real-time as the design of major cost elements develop. Introduce impact-driven cost decisions into the development process.

Open-book-negotiation

Open-book-negotiation

Facilitate and manage “open book” supplier pricing discussions. Support stronger negotiating positions in order to compete effectively in today’s margin-compressed industry.

Tool Costing

Tool Costing

Provide tool rooms with a comprehensive toolset to develop costs for fixtures and tooling. Leverage 3D geometry to keep tooling synchronized with component designs through the product lifecycle.

BOM & Configuration Management

BOM & Configuration Management

Develop and manage industrial machinery and heavy equipment costs in a collaborative ecosystem. Synchronize complex product BOMs and BOPs for accurate change management.

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Product Cost Management for Industrial Machinery & Heavy Equipment
Product Cost Management for Industrial Machinery & Heavy Equipment
Product Cost Management for Industrial Machinery & Heavy Equipment

Innovation, quality control and cost management are crucial for success in today’s industrial machinery and heavy equipment market. With downward margin pressure, globalization, the increased need for machine and equipment customization and global competitiveness 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).

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Product Cost Management for Industrial Machinery & Heavy Equipment
Product Cost Management for Industrial Machinery & Heavy Equipment
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