Product Cost Management Software

Product Cost Management Software Overview

What is Product Cost Management Softare?

Product cost management software provide a means to track and control design and process costs in manufactured goods or other development intensive products. The software is designed to locate cost drivers and compare various designs for feasibility, and cost efficiency.

Product cost management software is most often used by manufacturers and similar entities. It is deployed wherever cost control is paramount. The software may be standalone, or it may be offered as a module in a product lifecycle management (PLM) suite.

Features of Product Cost Management Software:

Common features of product cost management software:

Simulate production models from user-entered input (CAD, .csv)
Simulate factory / machine characteristics (e.g. rate of production, size, etc.)
Simulate material cost and performance (e.g. composition, etc.)
Model cost for different volumes of production
Cost model comparison and analysis
Advanced reporting (comparison reporting, cost driver reporting)
Tracking and reports for parts, assembly
International cost modeling (e.g. imports, cost of manufacturing in distant locations)
Vertical specific prefab design process modeling and costing (e.g. areospace, automotive, etc.)

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aPriori software and services are designed to generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. According to the vendor, using aPriori's real-time product cost assessments, employees in engineering, sourcing, and manufacturing make more-informe...