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Randon Implementos use the digital twin of cost from Siemens to optimize product costs
Randon Implementos, the largest manufacturer of trailers and semi-trailers in Latin America, uses the solution from Siemens’ end-to-end digital innovation platform for product cost management. Randon can establish a uniform standard for product costing to help achieve higher accuracy in preliminary cost analysis. By using a target costing process, Randon can provide outstanding customer value at the best cost, while maintaining competitiveness and profitability of products and solutions.
“The use of software from Siemens has made the process of value analysis much faster, more accurate, transparent and efficient,” said Sandro Trentin, director of technology and innovation for Randon Implementos. “We can now perform a target costing process to converge, in the conceptual scope, the product and process improvements for the most competitive landscape in five days of work. We expect to see a dramatic reduction in overall costs using this method, which is a critical step in digitalizing our manufacturing processes.”
Product cost management provides a digital twin of a customer’s product and tool costs, which enables an accurate representation of both planned and simulated costs. Using a target costing process and the Teamcenter solution for product costing, Randon can simulate the expected cost of multiple design variants and alternative production scenarios, as well as calculate capital expenditures for upcoming projects. With these simulations, Randon can develop new products in a cost-optimized manner while increasing the number of projects processed. Through early transparency on product cost, Randon can more effectively negotiate with suppliers and make more informed investment decisions.
In January 2017, Randon started development and analysis work supported by an international consultancy that presented Siemens’ product cost management software as an essential tool for the evolution of these processes. "The decision to choose Siemens’ software was made easier because the tool was endorsed by consulting and value analysis," said Trentin.
“Siemens’ solutions digitalize manufacturing and the process of transforming innovative ideas and raw materials into real products,” said Allyson Faria, Latin America marketing director at Siemens PLM Software. “The digital twin of cost from Siemens supports the cost and value engineering approach early and throughout the development process by providing transparency to how engineering and manufacturing decisions affect product cost”.