ThyssenKrupp Elevator Selects aPriori for Product Cost Management
Concord, Mass. – April 13, 2011 – aPriori today announced that ThyssenKrupp Elevator, has selected the aPriori Product Cost Management software platform to provide real-time product cost assessments throughout its entire product development lifecycle, including cost management use cases in Design, Engineering, Sourcing and Manufacturing. ThyssenKrupp Elevator is one of the world’s leading elevator companies. Their range of products includes passenger and freight elevators, escalators, moving walks, passenger boarding bridges, stair and platform lifts as well as quality service for all products.
“ThyssenKrupp has selected aPriori’s product cost management solution based on the system’s ease of use, and flexibility to be deployed against a wide variety of cost management use cases,” said Patrick Bass, Senior Vice President of Engineering. “aPriori is a highly automated system, so our users do not need to be cost experts to effectively leverage the system. All they have to do is open a 3D CAD model, enter a few basic inputs, and they can generate an accurate cost estimate in seconds. We are planning to integrate aPriori cost reviews into our standard product development process, conduct make versus buy analyses, streamline process routings in our manufacturing facilities and use aPriori to determine if we can standardize common changes across product platforms. By taking this broad-based approach, our goal is to attack cost at the point of origin, and maximize the potential to discover significant cost savings for our company.”
“Some companies adopt a strategy that places specialized cost management tools in the hands of a few, highly trained individuals, and we believe that approach limits the potential impact on a company’s profitability,” said Stephanie Feraday, aPriori’s President and Chief Executive Officer. “We believe that ThyssenKrupp Elevator is going to be extremely successful with aPriori, because they are willing to take a more modern approach, and attack cost across the product development lifecycle. By empowering everyone on the product development team with a tool like aPriori, they will discover enormous potential for cost savings they were never able to uncover before.”
About ThyssenKrupp Elevator
The ThyssenKrupp Group, based in Essen, Germany, is a global materials and technology company which consists of eight business areas. In fiscal 2009/2010 the company had annual sales of 42.6 billion euros ($58.3 billion) and employed more than 177,000 people.
Globally, ThyssenKrupp Group's activities in passenger transportation systems employ 44,000 persons in 900 locations. With sales of almost 5.2 billion euros ($7.1 billion) in fiscal year 2009/2010, ThyssenKrupp Elevator is one of the world's leading elevator companies.
ThyssenKrupp Elevator Americas is the largest producer of elevators in the Americas, with more than 13,500 employees, more than 200 branch and service locations, and sales of more than $2.7 billion. ThyssenKrupp Elevator Americas oversees all business for the operations in the United States, Canada, Central and South America. It is a subsidiary of ThyssenKrupp Elevator AG.
In the United States, ThyssenKrupp companies and their subsidiaries accounted for approximately 17,500 employees and annual sales of $6.7 billion in fiscal year 2009/2010. Through its predecessor companies, ThyssenKrupp has been part of the U.S. business landscape for more than 170 years.
About aPriori
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Using aPriori’s real-time product cost assessments, employees in engineering, sourcing and manufacturing 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. To see an overview demonstration of aPriori, click here.
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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