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How Festo identifies and specifies target costs with Teamcenter Product Cost Management

As one of the leading innovators in automation, Festo has set new standards in factory and process automation for many years and offers a broad product and service portfolio ‒ from individual components to complex customer-specific solutions and systems.

“Before using Teamcenter, we supported 30 percent of the projects in the target costing process. Today, we are processing significantly more projects per employee. We were able to more than double the proportion of projects we accommodate,” says Jörn Kleinschmidt, head of global new product introduction at Festo.

The 2 minutes video provides insides on how Teamcenter Product Cost Management supports cost reductions in Festo’s development projects, keeping product costs competitive and helping bring innovations to the market successfully.

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As one of the leading innovators in automation, Festo has set new standards in factory and process automation for many years and offers a broad product and service portfolio ‒ from individual components to complex customer-specific solutions and systems.

“Before using Teamcenter, we supported 30 percent of the projects in the target costing process. Today, we are processing significantly more projects per employee. We were able to more than double the proportion of projects we accommodate,” says Jörn Kleinschmidt, head of global new product introduction at Festo.

The 2 minutes video provides insides on how Teamcenter Product Cost Management supports cost reductions in Festo’s development projects, keeping product costs competitive and helping bring innovations to the market successfully.