Reducing Product Costs with Product Cost Management software
The latest Product Cost Management systems are providing timely cost engineering
solutions to give manufacturing companies real-time product cost assessments direct from the
3D CAD model.
During The Design Phase
Alternative designs can be evaluated using feature based cost estimating capabilities, enabling you to
identify and quantify savings in material, tooling, labour and overhead, manufacturing processes and sources.
Throughout Your Business
Other key personnel in sourcing, engineering and manufacturing can now make timely, well informed decisions
by having access to
real-time cost assessments throughout the product development process. This enables them to drive significant costs out of products pre- and post-production.
Through innovative, sometimes patented, application of how cost is driven by product design, materials and manufacturing processes, modern featured-base cost estimating
software replaces traditional, inefficient cost-estimation techniques.
The traditional processes (such as activity-based costing, contract quoting or statistical analysis) are replaced with precise cost assessments that update in real-time as design parameters change.
Featured-based Cost Engineering software provides true cost visibility to everyone in the organisation who influences cost; designers, manufacturing engineers and planners, purchasing and sourcing professionals, cost engineering, programme management and executives.
Consequently, using modern Product Cost Estimating software companies can get:-
- Rapid exploration of design options with
real-time cost feedback direct from 3D CAD data
- Back-to-back cost comparison of geometry, material, process and supplier, displayed on screen
Overall business benefits are:-
- Reduced Time-to-Market
- Reduced Cost of Goods Sold
- Increased profitability
To see how featured based cost engineering software works click here. Feature-based cost engineering