Reducing costs of goods


aPriori , a provider of cost management software for the discrete manufacturing industry, has released version 3.7 of the aPriori cost management platform. By providing real-time, predictive costs assessment throughout the entire product development process, aPriori v3.7 allows designers, manufacturing engineers, purchasing professionals, cost managers and program/project management to make better decisions to reduce, avoid, and recover product costs, according to the company.

The software, currently in use at a Fortune 100 manufacturer, is said to allow companies to reduce costs of goods sold by whole percentages by identifying quantifiable savings in material, tooling, labor and overhead while evaluating alternative designs, processes and sources.

Version 3.7 features include:
• Predictive real-time cost assessments to provide designers "what-if" cost trade-off analysis from component to product level within the MCAD environment;
• Deterministic routings for lowest cost production down to the machine level allows manufacturing professionals to explore cost saving alternatives;
• Time/cost models address the common manufacturing processes with customizable models to support unique customer-specific processes;
• Advanced "should-cost" analysis incorporates cost estimates for in-house facilities and generic industry production plants to enable more efficient supplier selection and fact-based negotiations; and
• Web-based interface offers managers on-demand production-level cost roll-ups linked directly to design, manufacturing, and sourcing.

aPriori has also partnered with PTC, a provider of product lifecycle management software solutions. By integrating its cost management platform with PTC software, aPriori can provide manufacturing companies utilizing PTC solutions access to product cost information early in the product development process.

—David Greenfield, editorial director, Control Engineering

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security