Product cost management software will inform make-vs.-buy decisions, improve supplier collaboration
CONCORD, Mass., Sept. 07, 2016 (GLOBE NEWSWIRE) -- aPriori, a provider of product cost management (PCM) software solutions, has been selected by Leybold GmbH, one of the world's leading manufacturers of standardized and fully customized vacuum technology solutions, components, accessories and instrumentation. The company will use aPriori's software to benchmark costs for both outsourced and manufactured products and parts, and to support fact-based negotiation with its suppliers.
Leybold is a pioneer in the vacuum technology business. Its products include vacuum pumps, systems, gauges, leak detecting instruments and other parts used in every-day systems such as air conditioning, TV-tubes, automotive applications, metallurgy and furnaces. The company's products also support high-tech processes such as the coating of microchips, CDs and DVDs, and the manufacturing of optical glass and analytical instruments.
"aPriori can provide us with detailed cost structures to help us make better decisions regarding sourcing and manufacturing," said Arne Tiedge, Manager Cost & Value Engineering at Leybold. "This will enable us to identify the key cost drivers in our business at a very detailed level and collaborate more effectively on product cost with our suppliers."
Initially, Leybold will deploy the software at its Cologne headquarters facility in Germany with plans to extend use to its other plants. The aPriori product cost management platformwill provide Leybold's sourcing and cost estimation teams with real-time cost information on parts and complete products from the earliest stages of design. The software leverages CAD and intelligent cost models to quickly determine the most efficient manufacturing methods and product costs while generating detailed manufacturing analysis and cost estimates that quantify the impact of changes to product design, materials, manufacturing processes, volumes and location in real time. The software will also provide Leybold's sourcing teams with valuable, fact-based cost information as it works with its suppliers to determine the most efficient materials and manufacturing processes and evaluates make vs. buy decisions.
"It can be difficult for manufacturers to understand all the key cost impacts in a supplier's business without access to their cost structures," said Stephanie Feraday, president and CEO of aPriori. "Leveraging our highly detailed global costing models and costing capability, Leybold gains a new level of visibility that they can put to immediate use to drive greater product cost efficiencies and faster cycle times. It's a powerful advantage for their business."
About Leybold GmbH
Leybold offers a broad range of advanced vacuum solutions for use in manufacturing and analytical processes, as well as for research purposes. Leybold's core capabilities centre on the development of application- and customer-specific systems for the creation of vacuums and extraction of processing gases. Fields of application are coating technologies, thin films and data storage, analytical instruments and classic industrial processes.
For more information, visit www.leybold.com
About aPriori
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Using aPriori's real-time product cost assessments, employees in engineering, sourcing and manufacturing make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts. To learn more about aPriori and its product cost management solutions and services, visit www.apriori.com or call 1.978.371.2006. To see an overview demonstration of aPriori, click here.
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aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, registered trademarks or service marks belong to their respective holders.
CONTACT:
Rick Burke
Vice President, Marketing
rburke@apriori.com
978.451.7675
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: aPriori Technologies via Globenewswire
Source(s) : aPriori Technologies
