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"We have realized in excess of $10 million in savings and avoidance so far in using Costimator. The savings were identified through design alternatives that we have implemented, as well as through negotiations with our supply base to lower our costs."
- John Kagan, IBM
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.
"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, Jabil Circuits