product record
Cost Management
Analyze and manage product
costs early in design.
Capture and analyze material costs early in the development cycle, to make better design trade-offs that can significantly impact product profitability. Arena PLM tracks component-level estimates and quotes, and then automatically aggregates assembly-level costs via the BOM structure. You can set target cost values and track prototype and production estimates separately. You can also import quotes or have suppliers directly maintain them via user-assigned access privileges.
Whitepaper - Estimating Product Costs
During Development…download now
Cost Management Benefits & Details
Benefits
- Empower suppliers and design partners to update quotes and cost estimates through controlled workspace access.
- Gain real-time visibility of accurate product costs at any BOM level or lifecycle stage through component-level cost tracking, cost aggregation and analysis tools.
- Evaluate costs across multiple design variations and compare with historical norms using multiple BOM views and fully costed history.
Details
- Item cost tracking: Capture price, target cost and standard cost for each component and provide aggregated visibility at any level of the BOM.
- Prototype and production cost tracking: Track costs in prototyping and production at any level of the BOM using either estimated costs or active quotes.
- Cost breakdown analysis: Easily view the costing percentage breakdown across the all levels of the indented BOM.
- Costed BOM history: Evaluate historical costing changes over different revisions across the product lifecycle.
- Purchase order tracking: Track PO details such as quantity, promise / receipt date and cost to support cost estimates based on actual purchase transactions.
- Automatic unit-of-measure and cost conversion: Use automatic purchase-to-actual unit of measure conversion to generate cost-adjusted prototype and production estimates.
