Cost management software
Accelerate product development by measuring, simulating and reducing costs and carbon footprint while conducting profitability analysis enterprise-wide on a unified platform. Our solution is scalable for businesses of all sizes.
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Build sustainable and profitable products
Make informed decisions to drive down carbon emissions, reduce product costs and address customer value demands.
Maximize profits with product cost management
Calculate costs for new products, tools and quotations early in the product lifecycle. Quickly identify cost drivers and easily simulate and compare alternatives. Predict future product costs and prices using the profitability calculation to secure product investments.
Support cost engineering for purchased parts and tools
Run reliable cost estimates of supplier parts by modeling the production process from the bottom-up. Determine the cost drivers associated with each process step. Using product cost management, you can manage cost structure and value engineering with suppliers. Based on estimates, you can negotiate future target prices or purchase prices based on reliable cost details.
Measure and manage product carbon footprints
​Create an immediate, visible link between product cost and CO2e emissions. By aggregating product carbon footprint emission factors along the value chain, you can identify the most important levers that will yield the greatest savings. Then, you can analyze the impact as a trade-off between the product carbon footprint, profit margin and customer value.
Why use cost management software?
Manufacturers need to provide innovative, customer-driven and sustainable products at competitive prices. The ability to quickly assess costs and carbon footprint early in the development process is crucial to accomplish these goals.
What do manufacturers need to perform early analysis of cost and carbon footprint? An integrated solution for cost management combined with the comprehensive digital twin. This approach supports manufacturers in advancing digitalisation efforts while balancing short-term cost pressures with long-term strategic objectives, such as sustainability.
80%
80% of a product’s lifetime emissions are determined by decisions made at the design stage.
40%
Data users can spend 30-40% of their time searching for data if a clear inventory is not available. Even skilled specialists spend a large amount of time compiling relevant costing and carbon emission data.
35%
83% of executives note that their companies were able to meet or exceed their initial cost savings targets, but 35% struggle to sustain lean and agile cost structures over time.
CASE STUDY
FESTO
Festo as a leading innovator in factory and process automation uses the Teamcenter Product Cost Management solution for all calculations in the target costing process by supporting the introduction of new products and the re-engineering of existing products.
Festo identifies and specifies target costs
Company: FESTO
Industry: Factory & Process Automation
Location: Esslingen, Germany
Siemens Software: Teamcenter PCM