We help you avoid extra costs during the product life cycle by making sure that all components have optimal performance and that they meet your cost and customer requirements.
When the market analysts have determined a new product's features and target price, it is up to R&D to develop the product within the given time and cost frames. The initial stage when the key components are chosen is very critical and should be aligned with sourcing team. Early involvement from the sourcing team is essential to ensure competitive component pricing. We can support your team with Should Cost analytics during the full design project to ensure that the target price is met.
Design changes that have been performed due to components reaching their end of life cycle are costly. We can perform an end-of-life analysis on products in the development phase, thus avoiding unnecessary extra costs. It is also recommendable to make a product ability analysis, which saves time and costs as well as minimizes the number of prototypes.
MasterBOM, our best pratice Cloudware solution, creates transparency within your company, across divisions and throughout your supplier base. Providing you with thorough spend management analytics, MasterBOM also facilitates supplier collaboration, follow-up with its global dashboards and in-depth reporting capabilities. Moreover, MasterBOM also offers the following benefits: significant time reduction in day-to-day tasks, improved quality, increased delivery performance and 5-25% cost reduction in 3-12 months.