CONCORD, MA – March 6, 2014 – aPriori, a provider of enterprise product cost management software solutions, today announced the latest release of its industry-leading software platform. aPriori 2014r1 delivers new enterprise capabilities that enable users to better predict product costs in complex global manufacturing environments and supply chains; cost more different types of products and parts; and continue to expand usage across the enterprise so more resources can identify and act on product cost reduction opportunities. The release is generally available immediately.
“Global manufacturers face increasing complexity as competitive pressures require multiple product variants tailored to local market preferences,” said Julie Driscoll, aPriori’s vice president of strategic marketing and product management. “Sharp fluctuations in commodity pricing and availability, the increasing cost of outsourcing and related quality concerns, and sourcing decisions that can make or a break a product’s profitability; all these dynamics make it more difficult to accurately predict product costs. To manage effectively in these fluid environments, manufacturers need to be able to evaluate multiple cost scenarios in real time and synchronize their efforts across their design, manufacturing and sourcing organizations. aPriori 2014r1 is specifically designed to help users address the challenges created by this increased complexity and unpredictability.”
The aPriori platform is architected to provide engineering, design, value engineering and sourcing professionals with real-time cost information on parts and complete products. It is the only commercially available product that reads 3D computer-aided design files to automate the generation of cost inputs and uses intelligent cost models to determine feasible manufacturing methods and product costs. The software also enables users to leverage data hosted in other critical enterprise applications to communicate product cost information between all functional organizations involved in product definition and delivery. This includes the import of complex engineering Bills of Materials (BOMs) from ERP, PLM and other enterprise applications.
aPriori 2014r1 extends the platform to support assessing cost value trade-offs and increasingly complex manufacturing and sourcing strategies with new enterprise capabilities:
“Most product cost management solutions enable cost experts to generate and analyze cost estimates,” added Driscoll. “That’s helpful, but limited in potential impact. By providing individuals across manufacturing organizations with the ability to assess complete product assemblies, collaborate with cost experts and consider all the different potential cost scenarios across design, build and sourcing, we can help manufacturers prevent critical cost surprises, effectively manage to more aggressive cost targets and deliver much greater ROI to their organizations.”
Specific new features available in aPriori 2014r1:
Support for Additional Manufacturing Processes and Parts
aPriori 2014r1 extends the platform with 16 new cost models across sheet metal fabrication, gear- making and machining including unparalleled capabilities for costing complex machined components that are typically expensive and difficult to estimate:
Improved Support for Meeting New Product Target Costs and Reducing Current Product Costs
Additional Enterprise Cost Management Features
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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