For the best quality at the lowest price in procurement and purchasing
FACTON EPC Should Costing enables Purchasing and Procurement Managers, Buying/Purchasing Agents and Cost Engineers to successfully implement their purchasing strategies: The should-cost analysis (purchased parts price analysis) in the should costing process creates a secure basis for negotiations with suppliers. In addition, FACTON EPC Content supports the purchasing process with integrated external benchmark data.
Using the detailed should-cost analysis in FACTON EPC Should Costing, purchasing and cost engineering departments can quickly and easily determine what a purchased part may cost and how a change in specification affects the price. This creates a secure basis for negotiations with suppliers and
In the EPC system, purchased and standard parts
The FACTON EPC Cost Model Designer supports the cost-based analysis of products: Companies can use the solution to quickly and easily digitize cost models of their own products and share them with the team.
With FACTON EPC Content, purchasing departments and procurement management have access to validated and external benchmark figures, including charges and data of locations, machines, and materials, standard components, and overheads. This information can be used for a number of purposes:
By combining the FACTON calculation tool with FACTON benchmark data, companies and their purchasing departments are in a position to implement a proactive cost management system.
Understand costing structures and identify optimization potential.
Learn in the webinar video how Purchasing benefits from the FACTON EPC Cost Model Designer.
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.