Aerospace & Defense
Innovation and collaborative, synchronized program management for new programs
Increasingly stringent governmental regulations and personalized healthcare therapies around the globe are affecting delivery, costing, and quality control processes in the medical device industry. Our solution helps deliver a competitive advantage through an effective and sophisticated product cost solution that integrates a world-class PLM and Innovation program with precise cost management tools.
Learn how our customers benefit from this solution.
Explore the key areas of this solution.
Estimate and manage target costs as a part of medical device development prior to regulatory approval and production. Enable your company to comprehensively plan and execute profitable supplier sourcing and manufacturing operations.
Accurately and efficiently determine medical device profitability within the context of PLM programs. Ensure consistent, informed investment decision-making and the opportunity for maximum revenue potential.
Evaluate purchased medical device supplier parts using cost analysis and value engineering to enable negotiated pricing.
Enable a design-to-cost approach during medical device development to evaluate design alternatives and see the impact of changes on costs.
Manage costing for medical device manufacturing within the context of product change and configuration management. This context includes BOMs, materials, and process data, thus enabling change impact and accurate update analysis.
Cost management is crucial for success in today’s medical device industry. Globalization, increased personalization, and market competitiveness require standardized cost methodologies and accurate costing data models to ensure precise estimation figures, transparent insight into costing processes, and easy access to accurate product cost information when evaluating change impact.
Siemens PLM Software offers an integrated and complete product cost management solution that combines the power of the leading global Innovation Platform with accurate, yet simplified, product and process cost management tools in one unified system. This enables product cost optimization and maximized margins. Our solution enables engineers to efficiently work within the proper context of the product lifecycle to obtain reliable cost estimates and achieve target costs, and thus profitable sales prices.