In a highly competitive marketplace, knowing and anticipating a product costs correctly provides a high advantage when competing for a contract. Delivering high-quality cost estimates depends heavily on the quality of data. In most cases, the better the data, the better the resulting estimate will be. Having a complete and well-structured data set makes your life as a cost estimator much easier.

Teamcenter® software for product cost management provides an enterprise-wide platform for managing calculations of costs for new products or quotations early in the product lifecycle. Existing data, such as standard parts and material costs, work centers, and product definitions (bill of material and routing), can be re-used effectively and efficiently from enterprise resource planning systems (ERP) SAP Business Suite® and SAP S/4HANA® by SAP. Relevant cost information available in SAP ERP can easily be converted into Teamcenter product cost management calculations and master data with the Teamcenter Product Cost Management Gateway for SAP S/4HANA. The flexible reuse of SAP ERP data increases the throughput of quotations and ensures accurate cost calculations by leveraging up-to-date material prices and cost center tariffs.