Do These Product Costing Challenges Sound Familiar?
As a design engineer you’re now being asked to design to a cost target but have no way of generating reliable cost estimates, leading to:
- Higher than needed part costs
- Delayed product launches
- Costly re-design activities
As a buyer you’re being tasked by management to drive down product costs. Today, the only way you have to estimate what a part should cost to manufacture is what the company paid in the past for similar parts (if available) or what your supply base is quoting, neither of which can be relied upon to produce an accurate should cost.
As a cost engineer one of your jobs is to provide management with a competitive cost benchmark as to what your competitor’s products cost to manufacture. At present, to come up with a reliable cost estimate can be a real challenge, especially since your company has no historical data or supplier quotes to rely on.
Costimator Can Provide the Answer You’re Looking For:
"Costimator is currently being utilized to provide target pricing to suppliers and validate quotes received from the supply base. Ultimately, this tool will be utilized globally allowing us to estimate accurately and rapidly within each region."
- Kristen Housley, Cost Estimator, Jabil Circuits
The Costimator product cost management software is easy-to-use, even by users that have little to no manufacturing experience, and contains thousands of industry validated cost models and time standards to support the cost estimating of numerous commodity groups, including machining, casting, forging, fabrication, forming, welding, molding, finishing, electronics, assembly and more.
The software comes loaded with labor rates for over 2 dozen countries, enabling you to understand what a part should cost to manufacturing in different regions of the world.
For over 30 years Costimator has been used by hundreds of the world’s leading OEMs in nearly every industry sector, including aerospace, defense, heavy equipment, automotive, consumer goods and electronics.
Costimator provides OEMs with the knowledge they need to quickly and easily identify and understand the cost drivers in the parts they design and procure, enabling them to implement uniform and predictable costing strategies.
Learn How Costimator Works