Product category:
Production costing and estimating
News Release from: aPriori | Subject: Cost Management Software Platform
Edited by the Manufacturingtalk Editorial
Team on 24 February 2006
Measuring reduction of cost of goods
sold
Realising hard savings is only possible if discrete manufacturing companies can satisfy today's demand for a direct and measurable reduction of cost-of-goods sold using effective software.
Realising hard savings is only possible if discrete manufacturing companies can satisfy today's demand for a direct and measurable reduction of cost-of-goods sold (COGS) A clear and undisputed characteristic of product delivery is that as much as 70% to 80% of the total product cost is a direct result of the design decisions made in the first 10% to 15% of the product development process
This article was originally published on Manufacturingtalk on 24 Feb 2006 at 8.00am (UK)
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Cost management platform finds 34% COGS reduction
The cost of goods sold in manufacturing can be as much as 70-90% of revenue, and users of a cost management software platform have documented up to a 34% in cost of goods sold reduction.
According to Frank Azzolino, president and CEO of aPriori, "Our strategy is simple: enable discrete manufacturing companies to identify and assess costs from the conceptual design through production, and provide the means to leverage the existing infrastructure and systems of record".
"As companies grasp the flexibility and scalability of aPriori's solution, they will significantly reduce COGS by accurately assessing and managing costs early enough in the product development process to affect the critical decisions that impact and control costs." * About aPriori - based in Concord, Massachusetts, USA, aPriori is the technology leader providing innovative cost management solutions to the discrete manufacturing industry.
aPriori's Cost Management Software Platform enables manufacturers to better understand product cost decisions early and throughout the product lifecycle.
aPriori's Cost Management Platform empowers manufacturers to lower cost-of-goods sold (COGS), provides real-time visibility to 'cost-critical' decision information, and builds critical cost knowledge to go on the business 'offensive'.
aPriori's patent-prot! ected cost management platform allows companies to assess, control, and reduce cost of goods sold by whole percentages.
The aPriori Platform truly enables 'Cost Knowledge Before it Matters'.
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