aPriori Helps Manufacturers Estimate the Cost of Purchased Parts from Around the Globe
New Product Release Features Expanded Regional Data Libraries to Enable Fact-Based Negotiations with Suppliers that Improve Product Profitability
CONCORD, MA – September 9, 2015 – aPriori, a provider of enterprise product cost management (EPCM) software solutions today announced an update and expansion of their Regional Data libraries. The newest version of Regional Data Libraries features a significantly expanded portfolio of regional data including machine capabilities, material properties and regional labor, overhead and material rate data for regions spanning the globe. aPriori researches, consolidates and maintains these data libraries to provide a benchmark, reducing a manufacturers burden to collect the data on their own. When combined with aPriori manufacturing process cost models and information about a company’s manufacturing practices and buying power, aPriori’s EPCM solutions can be used to reasonably and reliably estimate product costs in specific regions.
With the benchmark data included in the new regional data libraries, customers will have enhanced capabilities to understand component cost drivers and use the benchmark estimates to help drive product profitability on current product cost reduction and new product introduction programs:
- Global purchasing, sourcing and cost reduction activities
- Evaluate a wider range of global sourcing alternatives (manufacturing, tooling, etc.)
- Conduct fact-based supplier negotiations with detailed manufacturing process and should cost information
- Benchmark supplier quotes to validate costs and evaluate more cost efficient partnerships
- Identify outliers where you may be overpaying for outsourced parts
- Product development activities
- Compare alternative designs to quickly identify more profitable concepts that also meet form, fit and function requirements
- Estimate the cost of ECOs before committing to a change
- Develop early budgetary component estimates & cost BOM (cBOM) rollups vs. target costs for New Product Initiatives
aPriori’s expanded Regional Data Libraries include:
- 21 countries and 2 aggregate regions in Europe
- 10 countries in Asia
- 11 regions of China
- 3 countries in the Americas
Further expansion within regions in the Americas and countries in Asia is planned for the end of the year.
“The need to estimate purchased parts procured from around the globe is quite high among our broad manufacturing customer base. We find our customers are increasingly interested in generating an independent estimate of cost, though it can be challenging and time consuming for them to get data for costing,” said Julie Driscoll, vice president, strategic marketing and product management at aPriori. “Achieving a better understanding of cost drivers during both the early stages of product design and when negotiating with suppliers is a critical requirement across a variety of industry verticals. It has a direct impact on product profitability, and many of the world’s leading manufacturers are beginning to understand that EPCM solutions can help them address these types of challenges.”
aPriori is designed to provide real-time cost information on parts and complete products. The software leverages CAD and intelligent cost models to quickly determine feasible manufacturing methods and product costs while generating detailed manufacturing analysis and cost estimates that quantify the impact of changes to product design, materials, manufacturing processes, volumes and location in real time. aPriori also enables manufacturers to leverage product cost data hosted in other enterprise applications to communicate product cost information between all functional organizations involved in product definition and delivery. This includes the import of complex engineering Bills of Materials (BOMs) from ERP, PLM and other enterprise applications. aPriori also incorporates enterprise quality business intelligence capabilities that provide intuitive, role-based insights for design, engineering, manufacturing, value-engineering and sourcing executives and managers.
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 avoid overpaying 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.
Vice President, Marketing