Control product profitability by performing product cost management early in the product lifecycle

Product Cost Management

When you’re developing a new product, you need to be innovative. You need to understand the market opportunity. You need to deliver a quality product, and the timing needs to be right. Perhaps most importantly, you need to be cost-conscious. No matter how great your product is, it cannot be successful without profitability.

Teamcenter product cost management supports the cost and value engineering approach at an early stage of the development process by providing cost transparency for products and tools. This approach enables a quantifiable decision base for cost optimized products. With the integrated product profitability calculation in Teamcenter you can secure product investments by predicting future product costs and prices over the entire product lifecycle. Product cost management provides a digital twin of your product and tool costs which enables you to accurately represent planed and simulated costs. Product cost management increases speed and accuracy of request for quote responses which helps companies to win more business.

Product cost management is made up of powerful features to help control profitability.Read more about these features below.

Product Costing

Make smarter product costing decisions early in the lifecycle Product Costing Many companies are still using isolated databases and spreadsheets, […]

Tool Costing

More transparency for tool costs reduces tool spending and improve quotation performance Tool Costing Due to margin pressure, tool costs […]