Are You Flying Blind?
You have a design team in Detroit, Stuttgart and Tokyo. Each team is working on a complex subassembly of your new product design. They are using a combination of CATIA and Solidworks for the CAD design work. Design details and the overall Form of the product evolve every day at an accelerating pace as you draw closer and closer to a key phase gate in your product development release process. New versions are committed to your Enovia PLM system, and the BOM for the overall product becomes more complex with every day. Your engineering team is busy leveraging CAE tools to simulate various aspects of product Fit and Function, all with an eye towards ensuring your product meets the highest quality standards and achieves or exceeds market requirements. The sourcing team is also starting to get involved, evaluating the design with an eye towards how they will determine critical make vs buy decisions, and vendor selection for certain components and systems.
What about the most important aspect of your new product design – profitability?
You’ve invested hundreds if not thousands of hours into the Form, Fit and Function of your design, but your product team has no idea if they achieved the Target Cost set at the very beginning of the process by Product Marketing. At the next design review meeting, one of your senior manufacturing engineers points out that the design you’ve all committed to will require an incredibly expensive machining process. The profitability of this important new product launch is potentially in jeopardy. It’s at that moment when you realize your team has spent all their time and energy focusing on Form, Fit and Function, but ignored the most important “F” of all, Finance.
Cost Knowledge, Before it Matters
Over and over again, when we talk to our customers about the greatest benefit aPriori delivers – it’s always the same thing – VISIBILITY. If you revert to the scenario described above, but this time, envision the entire product team equipped with aPriori, that design review meeting would go very differently. Why? Because each and every time a product designer or engineer completes a significant piece of work, they can consult aPriori to quickly and easily assess the cost impact of their design.
- Try a new material for that plastic housing – aPriori will tell you the cost of that decision.
- Add a 35 degree bend to a sheetmetal component – aPriori will tell you the cost of that decision.
- Design a fabricated assembly of 4 parts versus a single cast/machined part – aPriori will tell you the cost of that decision.
Furthermore, as the sourcing team starts to get involved, they too can understand all of the key cost drivers and a should-cost value for the new product design long before they ever have a conversation with a supplier. They can also get a detailed BOM and should cost for tooling too! Thinking about going with that supplier in Mexico vs the one in Malaysia? aPriori will tell you the cost of that decision. You’ve just received 6 quotes back on that RFQ you sent out for bid a few weeks ago. Want to know which of the quotes is most closely aligned with a reasonable should cost for that part? aPriori will tell you the answer to that question in seconds.
Finally, VISIBILITY is not just for the core Product Team involved in the day-to-day operations of designing, sourcing and manufacturing your company’s products. It’s also critical that the management team be apprised regularly of the team’s progress on key New Product Initiatives, Value Engineering programs and Strategic Sourcing cost reduction projects. aPriori offers an elegant web-based solution that enables CxOs, Division Managers and Product & Program Managers to constantly monitor cost status via reports and dashboards from their laptop, tablet or even their mobile phone – no matter where they are in the world. Instant visibility into product profit status no matter where you are or what time of day it is. Do you have that now? Can you imagine how valuable that would be?
VISIBILITY to Cost for All
Providing complex global enterprises with the information they need to make informed decisions on cost throughout the entire product lifecycle. This is aPriori’s Vision. Click Here to watch a short video that illustrates this revolutionary new approach to Enterprise Product Cost Management.