umlaut and FACTON join competencies for cost savings in purchasing
The consulting company umlaut and the software manufacturer FACTON extend their partnership by a specific project for cost savings. The objective of the collaboration is to support industrial companies in realizing short-term price reductions of purchased parts.
The economic effects of the corona pandemic require the business units of many industrial companies to reduce costs and thus contribute to maintaining competitiveness. Hidden potential for cost optimization often lies in purchasing organizations with complex supply chains and a high number of purchased components.
The global consulting firm umlaut and the software manufacturer FACTON, provider of the Enterprise Product Costing (EPC) suite, combine their expertise in a joint project for the short-term identification of savings potentials in purchasing. By using the FACTON EPC Should Costing solution and in cooperation with umlaut, manufacturing companies are able to generate price reductions in the purchase of goods within a very short time. umlaut supports customers in the cost breakdown for purchased parts and in the preparation of negotiation workshops with suppliers.
"FACTON EPC Should Costing enables continuous calculation processes and well-founded price analysis of purchased parts. We extend the powerful EPC solution with our consulting expertise from more than 100 value engineering projects," explains Ralf Altpeter, Partner, umlaut. Markus Zabel, Vice President of Global Sales at FACTON, on the project launch: "In various design-to-cost projects, we could see that purchasing organizations can achieve price reductions of at least ten percent for individual components within a very short time. The results convinced us to include the project in our service portfolio".
Learn more about the collaboration for cost savings in purchasing.
Download the press release here.