Our product cost management platform provides early visibility to cost, consistency of costing practices across all members of the product team, and higher throughput of cost optimized parts. This all leads to a more cost conscious culture where everyone is considering profitability with each decision they make.
aPriori is a software company located in Concord, Massachusetts in the United States. The company was founded in 2003. Since then, we have invested hundreds of man-years into the development of our product cost management software and acquired hundreds of world class manufacturing corporations as customers.
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, discrete manufacturers launch products at cost targets, maximize savings in re-work projects, and avoid overpaying for outsourced parts. As a result, aPriori customers significantly reduce product costs and measurably improve overall financial performance, all while delivering high-value products to their customers .
LAUNCH NEW PRODUCTS AT OR BELOW TARGET COST
Even best-in-class manufacturing companies can miss their cost targets when launching new products. With aPriori, engineers can explore more design alternatives earlier in the development process without sacrificing schedules. Within seconds of making a design change, aPriori provides a real-time assessment of how the change has affected the cost of the part or product. With ongoing access to product cost information, engineers make better decisions that prevent costs from being designed into new products while reducing the need for changes later in development – when making changes is incrementally more expensive.
AVOID OVERPAYING FOR OUTSOURCED PARTS
aPriori makes it possible for companies to ensure consistently optimal pricing for their outsourced parts and products. With aPriori’s real-time product cost information, sourcing professionals always know precisely how much a part or product should cost to produce. Access to precise should cost information enables sourcing experts to easily identify where they are overpaying for outsourced parts and to always negotiate the best deals with suppliers. The result is significant product cost savings en route to meeting (or surpassing) cost reduction goals.
MAXIMIZE COST SAVINGS ON RE-DESIGN WORK
For re-design projects, aPriori provides design engineers with instant cost feedback as they attempt to cost-reduce and improve production parts. Designers can simply load parts to see what they cost today and then evaluate cost-saving, alternative designs using aPriori’s precise product cost information. Cost assessments are delivered in real-time as designs are modified, providing engineers with visibility into how the most recent change will impact overall cost. With aPriori, designers always know what it should cost to produce a design without having to wait for a formal cost estimate or supplier quote. As a result, engineers can evaluate more alternatives and make better decisions that ultimately result in lower product costs.
INCREASE THE ACCURACY AND SPEED OF RFQ RESPONSES
OEMs are looking to outsource business to suppliers, but demand accurate and detailed quotations. From the supplier’s perspective, it’s challenging to keep up with the number of business opportunities because generating accurate and detailed quotations is a manual, resource-intensive process. With aPriori, the time required to generate a detailed cost estimate can be reduced from days to minutes.
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2018 International Cost Insight Product Cost Management Conference