IMPLEMENTATION

Product Cost Management

A product’s development and success depend on many different factors. Your product has to be able to succeed in the market, and it has to be of good quality. Yet if your product is really going to be a success, all of these factors have to be supplemented by a well-founded calculation of the product costs.

In practice, cost overruns are not at all uncommon, and this is frequently due to the fact that companies often do not make full and proper use of standard methods for calculating costs. Instead, management is forced to keep an eye on a multitude of isolated applications, something that often results in firms losing a grip on costs. Furthermore, the best way to optimise target costs is when there are comparable calculation methods available and these opportunities for comparison are utilised.

This is where Teamcenter product cost management comes into play, for it offers your company the chance, based on an integrated platform, to define standardised calculation methods that can be employed by all users and managed centrally. This allows costs to be reliably forecast and subjected to analysis and optimisation. The decision-making process is supported by a dynamic approach that integrates embedded static production costs. This includes an examination of the product lifecycle’s profitability, and thus of the profitability of the product itself.
Furthermore, Teamcenter product cost management also offers the following benefits:

Do you have any questions? Please contact us. Our specialists will be happy to provide you with expert advice.