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Tool Cost Management

Our tool cost management solution for the mold, tool, and die industry provides tooling manufacturers with the ability to create highly accurate quotations and cut the time periods for proposal preparation significantly. The solution enables a parametric calculation of various tool technologies such as injection molding, high pressure die-casting, and progressive die stamping. You can take advantage of the integrated knowledge database which includes reference data such as labor costs, materials, machines, and processes, as well as an integrated process time calculator, ensuring an enterprise-wide consistent calculation standard.

Our tool cost management solution for the mold, tool, and die industry provides tooling manufacturers with the ability to create highly accurate quotations and cut the time periods for proposal preparation significantly. The solution enables a parametric calculation of various tool technologies such as injection molding, high pressure die-casting, and progressive die stamping. You can take advantage of the integrated knowledge database which includes reference data such as labor costs, materials, machines, and processes, as well as an integrated process time calculator, ensuring an enterprise-wide consistent calculation standard.

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Tooling companies need to deliver high-quality mold and stamping tools and at the same time reduce production costs and shorten delivery times. Cost calculation in tool and mold making is an important basis for competitiveness and is an extreme challenge for the lot size of one. Since toolmaking companies are characterized by a one-off production, the challenges are even higher. Many toolmakers use rough calculations, including estimates by experienced staff, as a common costing support. The goal should be to significantly reduce deviations from the budget and to eliminate large fluctuations to close life-threatening financing gaps.

Our tool cost management solution helps the tooling manufacturer to calculate a realistic bid to maximize profits instead of loss due to miscalculations by enabling a parametric calculation of various tool technologies such as injection molding, high pressure die-casting, progressive die stamping, laser cutting, and others. With tool cost management, tooling manufacturers improve business processes and avoiding inaccurate quotations which can result in unwanted lengthy delivery time and even loss.

Solution Capabilities

Explore the key areas of this solution.

Bill of Materials Management

React quicker to changes in product design, material, and manufacturing processes by obtaining BOM information and visible 3D data directly from the PLM system for product and tool cost calculations.

Design-to-Cost

Represent the entire price structure of your products to allow cost engineers to see the impact of development related changes on the price at any time and identify the cost drivers early in the development process where the cost of change is minimized.

Profitability Calculation

Predict future tool costs and prices over the entire product lifecycle to determine the profitability of projects as well as compare company projects and programs to make the best investment decisions.

Purchase Price Analysis

Run reliable tool cost estimates of supplier parts on different commodities to help Negotiate future target prices or purchase prices based on reliable cost estimates.

Quotation Costing

Enable a stronger position in cost negotiations by negotiating with your customers/suppliers using cost data in customized formats which represent clear cost structure and a plausible breakdown of the product costs.

Target Costing

Simulate different scenarios, including production sites, machines, and pre-configured reference processes for numerous mold and tooling technologies and cost rates utilizing an extensive database of cost-relevant information.

Tool Purchase Price Analysis

Identify product and tool cost drivers early in the development process, and suggest alternative solutions by representing an entire product price structure to see the impact of development-related cost changes.

Tool Quotation Costing

Predict future tool costs and prices over the entire product lifecycle to determine the profitability of projects as well as compare company projects and programs to make the best investment decisions.