Manufacturing: Gaining a Competitive Advantage Through Cost Management Software
Cost simulation engineers are always looking for ways to make processes more efficient. We’re constantly hunting for opportunities to increase efficiency while maintaining accurate cost analysis. But when production occurs outside of the wallsof our company, we often spend days, sometimes weeks, waiting on pricing. This can cause a loss in momentum, as well as frustration in customers adhering to their own timelines.
At Soucy, a Canadian-based manufacturer of aftermarket parts for power sports equipment, this pricing challenge was compounded by the fact that our production happens in China—half the world away. We would design a product, receive internal approval, and then send the specs off to our China division. After waiting seven days, we’d finally receive the price and then have to go through the process of pricing approval. All in all, it would take us nine to ten days just to be
able to quote our customers a price.
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