Siemens PLM Software-CEO Chuck Grindstaff affirms the strategic importance of their partnership with FACTON in the field of enterprise product costing.

Q: I am missing a cost calculation tool tightly integrated in Teamcenter. You know, it is not only about innovation, it's also about margins based on cost transparency during the whole development process.

Grindstaff: We do cost analysis mostly with partners like Facton. We make sure that our data model is sufficiently robust so that we can hook in calculation engines like this for optimizing the lifecycle cost so that we have the whole traceability of the incurred cost. Because the big challenge of cost is: how well do you know it at special gates.

Read the entire interview here. (pdf)