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    Three reasons cost experts should attend the 2019 Automotive Cost Engineering Conference

    Conference on cost management in the automotive industry

    30/04/2019

    Automotive Cost Engineering is the European conference for companies in the automotive industry with a clear focus on cost management. Electrification, autonomous driving and digitization are just a few of the topics shaping the industry. As they change, so too will the production conditions and bordering processes along with cost calculation. During this two-day conference over 100 participants, including engineers, buyers and financial experts, will discuss how they achieve cost clarity with powerful (business) relationships, data and technologies.

    From our perspective there are three key reasons for cost experts to take part in the conference:   

    • Understanding trends such as electrification, digitization and artificial intelligence and their effects on cost calculation
    • Using best practices to share and learn more about collaborative costing across different divisions
    • Exchanging information and ideas with international cost experts and expanding personal networks

    1. Understanding trends such as electrification, digitization and artificial intelligence and their effects on cost calculation

    The market for mobility is undergoing a transformation: Autonomous driving and e-mobility are just two concepts with tremendous potential for change. What does this mean for the future of vehicle costing? New products will be implemented and production conditions will adapt as a result of electrification and digitization.  

    In his opening keynote speech Jose Casen, Global Manager of Cost Engineering at Volvo, will talk about developing a robust cost model for the vehicle of the future. He will address one of the key questions regarding cost management: How will the cost structure of vehicles change in the future? FACTON’s CEO Alexander M. Swoboda will take this topic one step further with his lecture on “AI for Predictive Costing”. After all, volatile markets and increasing connectivity, automation and availability of data in real time are placing new demands on product costing. Artificial intelligence has the potential to address these new challenges.  

    2. Using best practices to share and learn more about collaborative costing across different divisions

    How, ideally, will transparent cost structures be supported, global networks established and barriers to efficiency eliminated? Costs are influenced at different stages of the product lifecycle. Open collaboration – both internally across every department and with partners and suppliers – offers a comprehensive view. Costs can be more efficiently controlled, and the profitability of individual products and product variants increased.

    The presentations come from different areas – including engineering, purchasing and finance. This reinforces the enterprise-wide view of product costs. John Baker, Head of Spare Parts Cost Management at BMW, will open the second day of the conference with a lecture on cost validation in after-sales: What happens to costs and prices after the end of production? What are the success factors for cost validation following series wind-down? Additional presentations and panels will discuss specific questions concerning collaboration: How will data be gathered and used across multiple departments? How can cost engineers and purchasing work together, e.g. on should costs? How can an optimized costing process be embedded in the structure of the enterprise?  

    3. Exchanging information and ideas with international cost experts and expanding personal networks 

    Automotive Cost Engineering brings together cost experts from the entire automotive supply chain. The dramatically changing cost structure in the automotive industry is increasing its complexity and makes it imperative to share ideas on best practices. FACTON, the leading provider of Enterprise Product Costing (EPC) solutions, is the conference’s main sponsor and encourages the open culture of dialog. Over the course of two days, participants will use various platforms for professional exchange, including conventional presentations with time for questions and answers or break-out sessions for more in-depth discussion.   

    A supporting program offers participants the opportunity for personal exchange. The speed networking event at the start of the conference, a get-together at the end of the first day and the breaks will enable participants to engage in discussions and expand their own networks.  


    Interested companies that reserve their spots at the event through FACTON receive a 30 percent discount on attendance fees. To learn more and view the conference program, please click here: 

    Automotive Cost Engineering 2019

     

    Contact

    Miriam Korn

    Event Specialist

    KARL-HEINRICH DEPPE.

    Business Development

    IRIS WEDEPOHL

    Director Marketing & Corporate Communications