"The main purpose of using Costimator is to understand what your costs are and what they should be. Once you understand that, you are in a good position to achieve those costs. Knowing what you should be paying when you go into a negotiation gives you a lot of strength."
- John Kagan, Manufacturing Engineering Manager, Lenovo
Original Equipment Manufacturers (OEM)
Many of the world’s largest and most successful manufacturing organizations utilize Costimator to identify part cost reduction opportunities throughout the product development lifecycle, leading to millions of dollars in cost savings.
Costimator allows companies to quickly and easily identify the cost drivers in the products they design, manufacture and procure. This valuable information is then used to explore design alternative and methods of manufacture that lead to lower cost products with higher profit margins.
Whether you use Costimator internally or our Should Cost Estimating Service, the following benefit can be achieved:
DESIGN:
- Determine the most cost effective designs
- Trade off cost factors with other product attribute
- To design parts at lower costs
MANUFACTURING:
- Analyze current process methods, times and costs
- Calculate prototype and production costs
PROCUREMENT:
- Utilize “Should Cost” models for negotiations with suppliers
- Find the best process-supplier match
PRODUCT MANAGEMENT:
- Meet cost targets for new programs
- Reduce cost of programs in production
- Maintain an accurate current cost roll-up of all programs
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