Soucy Group Selects aPriori for Product Cost Management
OEM supplier looks to enhance customer responsiveness and increase profitability with enterprise costing platform
CONCORD, MA – April 21, 2015 – aPriori, a provider of enterprise product cost management solutions, today announced that its software platform has been selected by Soucy Group. The company, which designs and manufactures components for leading manufacturers of recreational, industrial, agricultural and defense vehicles, will use aPriori’s solution to help it respond more quickly, accurately and profitably to customer requests for quotes (RFQs). Initially, Soucy will deploy the software in its design, manufacturing and sourcing operations in North America and China.
With aPriori, Soucy expects to compress the time it takes to respond to a request for proposal (RFP) from two weeks to one day while identifying new product cost savings. Additionally, the software will enable Soucy engineers to consider additional design alternatives and their cost implications, further enhancing product innovation and quality. By deploying a more efficient and consistent approach to product cost management, the company also expects to maximize the productivity of its staff.
“aPriori’s solution gives us an important advantage over our competitors,” said Eric Côté, president and chief operating officer at Soucy Holding, Inc. “By increasing our cost visibility, we are equipping more people in our organization to impact product cost before it gets designed and manufactured into our products. This is all part of building a stronger cost culture across our entire organization and continuing to strengthen our market leadership position.”
aPriori’s product cost management platform is architected 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 will also enable Soucy 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.
“Soucy is well recognized in the market for its innovative product design and engineering capabilities,” said Stephanie Feraday, president and CEO of aPriori. “Now they are applying that same thinking to product cost management to further differentiate themselves. With aPriori, the company can deliver higher service levels, source products more efficiently and improve product profitability significantly.”
About Soucy Group
With over 1,400 employees throughout ten facilities located in North America and Asia, the Soucy group conceptualizes and manufactures various components for leading manufacturers of recreational, industrial, agricultural and defense markets. The group’s strength lies in the proximity and complementarity of its expertise, making Soucy group the obvious choice as a one-stop shop solution that can provide turnkey or custom services. Within the industry, Soucy is recognized as a strategic supplier in the OEM market, mainly thanks to its technological innovations and high-quality products. For more information visit www.soucy-group.com.
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.