Cost and Value Engineering Approach
Product Cost Management
When you’re developing a new product, you need to be innovative. You need to understand the market opportunity. You need to deliver a quality product, and the timing needs to be right. Perhaps most importantly, you need to be cost-conscious. No matter how great your product is, it cannot be successful without profitability.
Teamcenter product cost management supports the cost and value engineering approach at an early stage of the development process by providing cost transparency for products and tools. This approach enables a quantifiable decision base for cost optimized products. With the integrated product profitability calculation in Teamcenter you can secure product investments by predicting future product costs and prices over the entire product lifecycle. Product cost management provides a digital twin of your product and tool costs which enables you to accurately represent planed and simulated costs. Product cost management increases speed and accuracy of request for quote responses which helps companies to win more business.