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Product Cost Management Ensures Profitability

by Siemens Visionary Siemens Visionary on ‎04-22-2014 12:29 PM - edited

Question

How can I better manage product costs to ensure profitability?

Answer

With the Siemens PLM Software acquisition of Perfect Costing Solutions GmbH, now you can include a product costing strategy within your product lifecycle.

 

Based on Perfect Costing Solutions’ Perfect ProCalc and Perfect CalCard products, the new Teamcenter solutions for Product Costing and Tool Costing can provide you with a unique opportunity to create a unified product lifecycle costing strategy across various functional areas – Engineering, Purchasing, Manufacturing and Finance.

 

Instead of relying on traditional, disconnected methods for cost engineering, now you can use Teamcenter product cost management to accurately predict and control product costs from the very beginning of the product lifecycle. You can establish a standard and extendable cost knowledge management system for calculation.

 

You can use Teamcenter product cost management to:

  • Reliably calculate quotes to increase the likelihood of achieving target margins.
  • Track and maintain program and engineering change profitability.
  • Institutionalize upfront value engineering principles for cost avoidance using design-for-cost (DFx) simulations and techniques.
  • Optimize purchase prices through detailed “should-cost” estimates.
  • Ensure profitable return on your new product introduction (NPI) programs and investments through cost transparency and fidelity.

Read these fact sheets to find out more about the Teamcenter solutions for Product Costing and Tool Costing.

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