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News and Press - Global

Iris Wedepohl

Director Marketing & Corporate Communications
+49 331 98222-400
Iris.Wedepohl(at)facton.com

 

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Valerie Valentine

Marketing Manager
+1 248 761 2255
valerie.valentine(at)facton.com

Win the Costing Game: FACTON Sponsoring the Society of Automotive Analysts’ Annual OEM Purchasing Summit

04/26/2016

FACTON will display its flagship technology solution for managing Digital Cost Breakdowns, deploying Best Practices Costing Methodology and preparing your company for Industry 4.0.

One of the most popular events of the Society of Automotive Analysts (SAA) is the annual OEM Purchasing Summit.  Executives from the Big 6 Automakers will join Dr. John Henke, President of Planning Perspectives, Inc., to discuss their companies’ purchasing strategies and the state of relationships between OEMs and suppliers. 

“FACTON is pleased to sponsor this important SAA event which promotes purchasing collaboration between automotive OEMs and suppliers,” said Michael Betz, COO of FACTON, Inc., located in Troy, MI.  “At the event, FACTON will feature our Enterprise Product Costing (EPC) cloud solution for tight costing collaboration between OEMs and suppliers.  Maintaining multiple cost books is complex and challenging for suppliers, and this technology simplifies the process with its built-in Best Practices Costing Methodology.”

 

The OEM Purchasing Summit will be held at American Axle Manufacturing (AAM) headquarters in Detroit on May 17, 2016.  OEM purchasing executives from Ford, General Motors, Honda, Nissan and Toyota will join SAA members and guests.  The event also features the presentation of Planning Perspectives' annual NA Automotive OEM-Supplier Relations study, which will include data on the impact of supplier relations on OEM profitability.  More information and registration details can be found on www.SAAauto.com.

 

 “FACTON’s EPC platform promotes positive OEM / supplier relations by delivering a cost collaboration platform to both the OEM and suppliers,” explained Betz.  “There are many practical features that save time and make it much easier to manage complex cost estimates. Suppliers can respond quicker to customer quote requests by maintaining a historical view of responses, and tying the internal Costing Bill of Material directly to a customer Digital Cost Breakdown.” 

 

Cost estimators easily drag and drop machines and purchased parts to add them to a cost calculation.  Reports can be generated with different levels of detail, and the application can present the key cost elements of a calculation in an overview and show a detailed breakdown of all data used in the cost calculation.  It is also possible to generate comparison reports.  For more information, please visit www.facton.com.

 

About FACTON

FACTON was founded in 1998 and has locations in USA: Troy, MI and Germany: Potsdam, Dresden, and Stuttgart.  Hasso Plattner, founder and chairman of the supervisory board of SAP AG, has supported this innovative company since 2006.  The international portfolio of customers includes Ford, TI Automotive, Trelleborg, Airbus, Behr, Deutz, MANN+HUMMEL, Porsche and other renowned OEM’s and suppliers.

 

The FACTON EPC Suite is the leading Enterprise Product Costing (EPC) solution for the automotive, aerospace, mechanical engineering and electronics industries.  FACTON EPC enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency throughout every phase of the product life cycle.  Businesses accelerate their costing, achieve pinpoint cost accuracy and secure their profitability.

 

For more information on FACTON in the North America, please contact Mike Betz, email Michael.Betz(at)facton.com or call (248) 977-0918.