Improve profit margins with the cost estimating solution for products and tools

To be profitable, your product cost estimations must be accurate, flexible and fast.

Every company, in every industry, needs to keep product and production costs under control by identifying and influencing the cost drivers. The biggest challenge is understanding different cost parameters, and this requires a detailed knowledge of manufacturing processes and cost drivers. The aim must be to control costs early on and throughout every phase of the product life cycle.

Are you ready to learn how to get accurate, flexible and fast cost estimations?

The 4 minutes video provides insides on how various departments, such as cost engineering, purchasing, finance, and sales can benefit from the Siemens cost estimating solution by:

• Determine and evaluate costs early in the product life cycle
• Forecast lifetime costs to assess new product profitability
• Receive accurate and fast prepared cost quotations
• Optimize costs through simulations and evaluation of production and supply costs

With the cost estimating solution from Siemens, you can reliably determine and hit target costs, confidently assess and optimize purchase prices, and conduct realistic open book negotiations.

Use Teamcenter for early optimization of production costs

Detailed product and cost information is typically not available early in the development phase of new products. The calculation engine in Teamcenter Product Cost Management enables you to create cost structures and determine product costs in the early stages of preliminary costing and target costing. You can calculate complex assemblies and versions accurately and quickly.

Receive a highly accurate, bottom-up, and detailed cost calculation

Teamcenter Product Cost Management is using the bottom-up methodology for creating a cost structure that provides a better understanding of what a product ‘should cost’ to make or buy. This approach is based on a detailed product structure and defines the use of materials and the process costs. Calculations are based on current benchmark data for manufacturing technologies, machines, materials and worldwide labor costs. Various departments, such as cost engineering, purchasing, controlling and sales, can work together by using Teamcenter to achieve the maximum benefit.