The best quality at the lowest price in procurement and purchasing.
With FACTON's purchasing solution, buyers and cost engineers successfully implement their purchasing strategies and create a secure basis for negotiations with suppliers through the cost analysis of purchased parts ("should-cost analysis" or "should costing").
With the detailed cost analysis of purchased parts, purchasing/procurement are quickly able to determine what a purchased part may cost and how a change in the specification affects the price. A secure basis is provided for negotiations with suppliers and make or buy decisions. Modules such as benchmark data and cost models support the optimal purchasing process.
FACTON's enterprise solution provides the global costing platform for purchasing. Purchased and standard parts as well as raw materials are stored in the administration, prices of different origin (supplier, system, location) and with different validity are maintained and a where-used list of all purchased and standard parts as well as raw materials is maintained.
Modules such as the FACTON EPC Cost Model Designer support the cost-based analysis of products. Companies can quickly and easily digitize cost models to evaluate product costs and costs of manufacturing processes and share them with the team.
If no data on wages abroad and material prices are available in the company, benchmark data (FACTON EPC Content) provide a valid basis for cost evaluation. As an add-on solution to FACTON's purchasing solution, system-integrated benchmark data provides wage, location, machine and material data as well as overhead rates.
Learn how companies can identify cost optimization potential and increase competitiveness in our white paper on benchmark data.
Understand costing structures and identify optimization potential.
Learn in the webinar video how Purchasing benefits from the FACTON EPC Cost Model Designer.
Enterprise Product Costing - The method you need to secure profitability.
The webinar shows how cost engineers negotiate prices with suppliers on an equal footing.
Identify optimization potential, sharpen competitive edge.