Henniges Automotive Implements FACTON EPC to Standardize Costing and Quoting Processes Across Global Operations
FACTON, the leader in Enterprise Product Costing (EPC), today announced Henniges Automotive has completed the implementation of FACTON EPC as the company’s core technology solution for standardized costing and quoting across all global operations.
Henniges Automotive, headquartered in Auburn Hills, MI, is a leading global supplier of highly engineered automotive sealing and anti-vibration solutions within the automotive industry. The company has deployed FACTON EPC Cost Management in seven countries spanning three continents – North America, Europe and Asia, in its sales, engineering, purchasing, quoting, finance, and management areas. The implementation encompassed costing for all manufactured and purchased parts, as it is critical for automotive suppliers to closely track cost developments and perform precise cost calculations to remain competitive.
Larry Williams, President at Henniges Automotive, said, “Henniges is focused on best practices in quoting and costing in order to improve speed and accuracy of customer quotes. FACTON has those best practices built into the system. We replaced a legacy system that was difficult to use, lacked historical view of quoting, and required too much time to respond to customer quote requests. With a single platform for quoting and costing across our entire operation, we are seeing increased efficiency in our costing process and greater accuracy to empower our executives with the information required for making smart decisions.”
“Henniges has built a reputation of producing products that are critical to the ride, feel and performance within the automotive industry,” said FACTON President North America Ruediger Stern. “They are committed to bringing the same rigor and discipline they’ve developed in engineering to their costing and quoting processes.”
The FACTON EPC Suite The FACTON EPC Cost Management solution is part of the FACTON EPC Suite. The Suite consists of specific solutions that address the product costing requirements of company departments and divisions – from top management, controlling and production to development, purchasing and sales.