NACCO Materials Handling Group Reduces Costs With aPriori
Real-time “Should Cost” Product Assessments Reduce Product Costs
While Keeping Projects on Schedule
Concord, Mass. – March 9, 2009 – aPriori today announced that NACCO Materials Handling Group (NMHG) has achieved significant product cost reductions using aPriori’s Product Cost Management software platform. With aPriori, NMHG has increased its ability to drive costs out of its products pre- and post-production using real-time product cost assessments that are generated automatically throughout design, sourcing and manufacturing processes.
“aPriori is helping us to achieve our strategic product cost reduction goals while keeping projects on schedule. Access to real-time ‘should cost’ assessments reduces the number of supplier quotes and allows our employees to evaluate more cost-saving alternatives for each product concept,” said Rick Goldsmith, Manager of Corporate Manufacturing and Tooling at NMHG. “As a result, our employees have used aPriori to re-quote production parts at lower prices and re-design a number of products for more efficient material utilization and manufacturability.”
“Increasing material and energy prices are forcing manufacturing companies to find new ways to drive costs out of their products to keep prices in line with market expectations,” said Stephanie Feraday, president and CEO at aPriori. “Using aPriori in their product development process on a number of key projects has helped NMHG reach its aggressive cost-reduction goals over the past year.”
The aPriori Product Cost Management Platform is the first software solution to provide discrete manufacturers and product companies with real-time, predictive and precise product cost assessments throughout the development and production process. aPriori’s revolutionary cost management capabilities empower organizations to identify quantifiable savings in material, tooling, labor and overhead when evaluating alternative designs, manufacturing processes and sources.
About NACCO Materials Handling Group
NACCO Materials Handling Group, Inc. ("NMHG") designs, engineers and manufactures materials handling equipment for virtually every market niche, including warehouse trucks, counterbalanced trucks and large capacity cargo and container handling trucks. All lift trucks are marketed under the Hyster®, Yale® or Sumitomo-Yale® brand names. NMHG is one of the world's largest lift truck manufacturers. In addition to a worldwide distribution network of independent Hyster® and Yale® retail dealerships, NMHG operates wholly-owned dealerships in certain markets. Based in Portland, Oregon, NMHG is one of the three core businesses in the diversified holdings of NACCO Industries, Inc., a publicly-held company with headquarters in Cleveland, Ohio.
About aPriori
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing organizations. Using aPriori’s real-time product cost assessments, employees in sourcing, manufacturing and design engineering make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and never overpay for sourced parts.
To learn more about aPriori and its product cost management solutions and services, visit www.apriori.com or call 1.978.371.2006.
aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, registered trademarks or service marks belong to their respective holders.
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