Teamcenter Product Costing Management
Developing comprehensive cost knowledge across the entire value chain is crucial to make smarter product costing decisions. Many companies are still using traditional cost calculation methods; these methods typically do not provide enough details for a reliable cost analysis, which leads to costly mistakes.
Controlling product costing early in the product lifecycle through Teamcenter Product Costing Solution helps you avoid expensive engineering rework downstream mistakes. It enables you to analyze, simulate, and optimize the cost drivers in product development to let you make the right decisions at the right time.
– Overhead costing:
By providing the bottom-up calculations, the Teamcenter Product Costing Management solution helps in analyzing the cost of material, production cost, and process.
– Reference data for cost analysis:
This system helps you to increase the value proposition of your products by including the current database with reference data like materials, machines, and labor costs. This data assists you in making reliable make-or-buy, relocating, and global sourcing decisions.
Multiple departments of the organization, like cost engineering, controlling, purchasing, and sales can collaborate through Teamcenter to reap the maximum benefit.
– Target Costing:
Various aspects like assemblies, versions, what-if technical and business scenarios can be assessed accurately and quickly through Teamcenter. This software provides quantitative data on – how the commodity’s price fluctuation affects product prices? What changes will impact product design or labor costs? etc.
– Reliable cost estimates:
As a buyer, Teamcenter product costing can be used by you to conduct cost estimates on different commodities. This puts you in the upper-hand to negotiate on costs with the suppliers.
Cost engineers can view the impact of development-related changes on the product’s price throughout the process.
– Profitability calculation:
The profitability calculation functionality can break down annual costs, revenues and cash flows, which helps you in making better investment decisions.