Released on: 4, May 2006
, Author: John Busa
, Audience: Software related
Cost of Goods Sold (COGS) has become an increasingly importantmetric as the largest expense item on the income statement; typically 70% to 90% ofrevenue. Manufacturers are forced to focus on product cost and profit margins withrenewed vigor. Cost targets, an important component of design-to-cost strategies,are now being defined early and with greater granularity, even down to theindividual component level. Meeting these detailed cost targets at product launch(avoiding expensive, lengthy post-production cost reduction phases) is a newchallenge and manufacturers are struggling to find effective systems or tools toassist in this effort. A Cost Management (CM) platform, such as that developed byaPriori, can help manufacturers address the challenges in New Product Introduction(NPI) programs.
In the April 2006 issue of Manufacturing.net, part of Reed Business Information,(http://www.manuf acturing.net/article/CA6322329 .html) Manufacturing JournalistThomas R. Cutler profiles aPrioriÂ's cost management platform. According to Cutler, Discrete-part manufacturing companies are experiencing a demanding and difficultcombination of price pressure from customers, rising costs (both internally and fromvendors), international competition, and income growth pressure from investors.Â
New Product Introduction refers to the complete business process within anorganization for introducing new products or product models to market. TodayÂ's NPIprocess is a cross-functional business process, including both internal functionsand external suppliers or partners. Most manufacturers are still struggling to breakthe historical functional divisions or silos, notably between Marketing,Engineering, Manufacturing, and Procurement. This struggle continues to existbecause important product, process, and customer information is still trapped inthese functions emerging only at serial release stages or gates.
Based in Concord, MA, aPriori is the technology leader providing innovative costmanagement solutions to the discrete manufacturing industry. aPrioriÂ's CostManagement Software Platform enables manufacturers to better understand product costdecisions early and throughout the product lifecycle. aPrioriÂ's Cost ManagementPlatform empowers manufacturers to lower cost-of-goods sold (COGS), providesreal-time visibility to  cost-critical decision information, and builds criticalcost knowledge to go on the business  offensive. aPrioriÂ's patent-protected costmanagement platform allows companies to assess, control, and reduce cost of goodssold by whole percentages. The aPriori Platform enables  Cost Knowledge Before itMatters.Â
Source: Express-Press-Release.com
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