Proactive cost management in mechanical engineering
Efficient product cost management – with the aim of reducing product costs – is a key success factor in mechanical engineering. FACTON EPC creates clear, robust and comprehensible calculations that help enterprises win and retain new business.
Mechanical engineering and plant construction companies are all too familiar with the challenge of “lot size 1”. In order to generate cost advantages in spite of the challenges created by small batch production, the industry is focusing on the trend of modularization: Functional components that can be assembled over and over again to meet new customer or country-specific design requirements make it possible to produce series with higher repetition rates while cutting process costs. Further advantages include higher purchasing volumes, lower purchase prices, reduced one-time costs and a higher percentage of identical parts. FACTON EPC helps businesses add value in a cost-effective way while promoting a modern understanding of costs.
The evaluation of alternative locations, production processes or suppliers can only be based on a transparent and readily available cost view. At every stage of product development – from the first idea to the series – comprehensible cost information must be available.
All known, cost-related information is consolidated into a central, enterprise-wide database. FACTON EPC Content helps cost accountants, cost engineers, value analysts and product and manufacturing cost controllers in the mechanical engineering and plant construction industry by providing them with a comprehensive standard parts database along with global cost information for analyzing and costing new purchased and production parts. This includes material prices, location-specific machine data, wage and salary data and industry and company-specific overhead costs for over 2,000 regions worldwide.
Learn how Bühler Motor controls the cost of its electric drive solutions over the entire product lifecycle with FACTON EPC.
Learn more about active cost management with Enterprise Product Costing.
Understand costing structures and identify optimization potential.