aPriori Product Cost Management Webinar Archive

AGCO Corporation Reduces Product Costs with Real-Time Product Costing (April 2008)

Download Presentation | View the Recorded Version of the Webinar

Webinar Contents:

• Introduction & Overview (0:00 to 11:20)
• AGCO Corporation Case Study (11:20 to 32:45)
• aPriori Demonstration (32:45 to 47:00)
• Q&A (47:00 to End)

Webinar Description: View the replay of the aPriori & AGCO Corporation webinar exclusively for Discrete Manufacturing & Product Companies and learn how to generate precise, repeatable and relevant product cost assessments in real-time from design to production. In this webinar, you will understand how to:

- Gain real-time visibility to cost-critical decision information
- Implement design-to-cost strategies earlier in the development process
- Reduce Cost of Goods Sold to improve overall financial results

AGCO’s Director of Engineering, David Disberger, discusses how AGCO is employing Enterprise Cost Management to improve the quality of its cost numbers. With better product cost information, AGCO employees are making better trade-off decisions that route costs out of their products much earlier in the development process.

Drive Costs Out of Your Products Before Production with Enterprise Cost Management

Download Presentation | View the Recorded Version of the Webinar

Webinar Contents:

• Introduction & Overview (0:00 to 16:00)
• Demonstration (16:00 to 36:00)
• JLG Case Study (36:00 to 47:00)
• Q&A (47:00 to End)

Webinar Description:

Product costs are tied directly to an organization’s financial performance. The discrete manufacturing and product companies that best understand the true economic costs of their products are the companies that will out-perform their competitors. By capturing how much a product costs earlier in the development process, manufacturers are much better equipped to overcome many of the pressures on their businesses, from meeting customers’ price requirements to achieving overall revenue and profit targets.

For most manufacturing firms, Cost of Goods Sold (COGS) represents the largest line item on the income statement – typically between 70 and 90 percent of revenue. Therefore, by actively reducing COGS, organizations can significantly improve their bottom lines.

With COGS having such a profound effect on financial results, it is not difficult to understand why product cost is so important. Then why do most manufacturing firms today continue to deliver new and existing products at well over their cost targets? The answer is simple: The traditional methods and tools used to cost products have become outdated. Organizations need new capabilities to generate precise, repeatable and relevant product cost assessments.