Multi-Billion Dollar Medical Device Company Selects aPriori to Help Drive Down Cost of Goods Sold (COGS)

The engagement will also ensure that the client’s products get to market faster.

This win is another example of aPriori’s unique capabilities. Many clients come to us because someone within their organization worked with aPriori previously, as was the case for this client.

This medical device company had a recent acquisition requiring a large capital loan/investment. The client’s loan required that the organization maintain specific profit margins, which was the catalyst for this engagement. Our advocate knew that aPriori could help ensure that requirement, facilitating a drive-down of COGS and accelerating their products’ time to market.

aPriori presented a workshop for the company’s engineering leadership and sourcing leadership teams. These workshops enable prospective customers to test-drive our solutions, providing them with an easy-to-learn, daily tool that helps identify cost drivers.

aPriori will provide recurring software services and expert services support. Expert Services (ES) is an important element of aPriori’s solutions. This flexible program ensures that you make the most of your investment, from deployment to objective completion. Your dedicated ES consultant takes a holistic approach, ensuring that each stage and role of product development is optimized. aPriori helps reduce COGS through its advanced cost management solutions. They include:

• Automated Cost Analysis, enabling manufacturers to analyze the cost of hundreds of components simultaneously, streamlining cost estimation, and identifying cost savings more efficiently
• 3D CAD Digital Twin and Digital Factory, so manufacturers can simulate and optimize manufacturing processes to find the most cost-effective methods. aPriori seamlessly runs 3D CAD models through a digital factory. It allows design engineers to get real-time, actionable insights on design feasibility and cost drivers directly within their CAD, saving time and money.
• Real-Time Cost Insights, enabling companies to identify cost outliers and make informed decisions quickly and early in the design stage to reduce costs before production

With costs escalating and profit margins narrowing, manufacturers are recognizing the value of leveraging a software solution like aPriori, which quickly identifies hidden cost drivers without compromising product quality or performance.