Video

How to Use a Digital Factory to Manage Pricing Volatility

Pricing volatility is a big problem for companies along the supply chain, especially in the past couple of years. Companies are constantly dealing with:

1. Raw material price increases
2. Manufacturers facing challenges through supply chains
3. Labor availability
4. Exchange rates

When suppliers approach you with increased costs due to material rate increases, you can use aPriori to run new rates through your digital factory. This allows you to cost your parts with the new material rate vs the old material rate. This allows you to have smarter negotiations with your supplier.

Watch this video to learn how aPriori provides material factor tables for easier maintenance of digital factory data, allowing users to quickly update material costs by applying factors. See how new wage grades enable you to create a dedicated machines database and use specific Regional Data Libraries to exemplify creating a new digital factory in a different region.

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