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Competitive pressures and the drive to improve profits continue to challenge automotive manufacturers to find methods for reducing and managing costs.
Product cost analysis can enable automotive OEMs and large Tier 1 suppliers to develop and execute cost reduction initiatives to reduce direct material spend.
Key capabilities of the i2 solution for product cost analysis can include:
- Collaborative workspace and bill of material collaboration
- Target costing during the product development process
- Ability to analyze and optimize cost versus performance parameters for existing
parts
Benefits of the i2 solution for product cost analysis can include:
- Improved accuracy of target costing during the product development process
- Reduced direct material costs by analyzing and optimizing cost versus
performance parameters for existing parts
- Reduced material costs due to better volume leverage over reused parts
- Reduced number of engineering changes late in a program
Complementary Solutions:
- Supply Chain Strategist designed to enable an integrated supply optimization solution
- Performance Manager for enriching analytic capabilities and plan to plan comparisons enabling companies to create an adaptive closed-loop environment
- Master Data Management (MDM) to support the synchronization and management of different data elements from disparate sources.
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