To maximize profitability, harness manufacturers must competitively price their products, but to do so entails working through tight timescales and evolving variables like copper prices. To conquer this developmental uncertainty and drive down wire harness cost estimations, manufacturers should implement a purpose-built, cloud-based solution that automates the costing regime and delivers accurate financial figures in minutes. Discover what costing tools can digitally transform your processes for the better by accessing our whitepaper.
Wire harnesses are made of numerous and diverse parts, in turn generating layers of data complexity that obfuscate costing estimations. To complicate matters, profit margins on industrial wiring harnessing are slim, creating a “get it right the first time” mentality since miscalculations cut directly into the bottom line. Fortunately, costing tools that account for all these variables are readily available. A cloud-based solution that considers internal system demands alongside external market pressures can produce accurate wire harness cost estimations, helping manufacturers optimize their processes for profitability.
To automate harness costing, manufacturers can use one of three approaches:
Wire harness manufacturers need timely costing details to produce accurate wire harness cost estimations. To gain timely financial information, an automated costing tool is key: as a design and its associated inputs evolve, so too will the cost estimation as it dynamically updates to keep pace with any changes. An automated costing tool, therefore, eliminates any misquotes or errors, helping manufacturers maintain and even increase profitability.