Accelerate product development by measuring, simulating and reducing costs and carbon footprint while conducting profitability analysis enterprise-wide on a unified platform. Our solution is scalable for businesses of all sizes.
Manufacturers need to provide innovative, customer-driven and sustainable products at competitive prices. The ability to quickly assess costs and carbon footprint early in the development process is crucial to accomplish these goals.
What do manufacturers need to perform early analysis of cost and carbon footprint? An integrated solution for cost management combined with the comprehensive digital twin. This approach supports manufacturers in advancing digitalization efforts while balancing short-term cost pressures with long-term strategic objectives, such as sustainability.
80% of a product’s lifetime emissions are determined by decisions made at the design stage. (McKinsey)
Data users can spend 30-40% of their time searching for data if a clear inventory is not available. Even skilled specialists spend a large amount of time compiling relevant costing and carbon emission data. (McKinsey)
83% of executives note that their companies were able to meet or exceed their initial cost savings targets, but 35% struggle to sustain lean and agile cost structures over time. (Boston Consulting Group)
How can you streamline your cost management to accelerate time-to-market and deliver sustainable, profitable products?
Implement a comprehensive cost management solution that allows designers, cost engineers and purchasers to identify the factors that affect costs and emissions and make data-informed decisions.
By creating an immediate, visible link between product cost and carbon emissions, cost management software helps companies identify the most important levers that will yield the greatest savings. It enables informed decision-making to drive profitability and growth.
Bring together all cost- and carbon footprint-related information to ensure knowledge is not siloed in various systems, databases and desktops.
Perform calculations based on an up-to-date database containing cost values, such as labor costs, materials, machines, manufacturing processes and carbon emission values.
Facilitate cross-departmental and cross-site collaboration between cost engineering, procurement, finance, development, manufacturing and sales. Prevent errors in data sharing and increase efficiency of results generation.
Follow a uniform, stringent logic for calculations using standardized methods. Equip employees with a common understanding of costs and carbon footprint.
Leverage Teamcenter product cost management to manage cost and carbon footprint calculations early in the product development process. Perform what-if simulations, identify drivers and secure product investments by predicting future unit costs and prices over the entire product lifecycle.
Support cost engineers in the early design phase by calculating preliminary cost and carbon footprint, even with limited product details. Prepare estimates and identify cost drivers, enabling simulation and comparison of alternatives as well as future cost prediction.
Conduct what-if scenario analyses for purchase parts, taking cost and carbon emission drivers into consideration. Leverage integrated benchmark data which includes labor costs, material prices, machine references and carbon emission data.
Enable alternative calculations, taking different price selection strategies into account. View recalculated cost rates and prices and outline cost structure differences by comparing original quotations with revisions.
Try our solution before committing to a purchase. Explore the capabilities and benefits of managing cost and carbon footprint on one integrated platform.
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G2 ranks products based on customer reviews. G2 named Teamcenter the best product lifecycle management (PLM) software for any size company – outperforming 99 others. Take a look at the PLM software comparison grid to see the top ranking for Teamcenter.
Teamcenter is recognized by Forrester Research as a leader in PLM.
Teamcenter received the highest possible scores in more criteria than any other evaluated vendor in The Forrester Waveâ„¢: Product Lifecycle Management for Discrete Manufacturers, Q1 2023 report.
Using Teamcenter product cost management provides increased efficiency since we already map a large number of our products to their value chain for calculating costs and the carbon footprint. This allows us to re-use the same bottom-up cost engineering model to roll up the CO2e emissions along the value chain.
Start your cost management journey with ease. Our support and service offerings will guide you along the way.
Implement Teamcenter product cost management on the cloud using a provider of your choice, or SaaS by Siemens. Or deploy on-premise and manage with your IT team. It is not just a large enterprise solution.
Adopt Teamcenter product cost management and master its elements with ease. Get on-demand and instructor-led training.
Join the conversation and get answers to your questions from Teamcenter product cost management experts.
Cost management software is designed to provide a common platform for calculating product and tool costs, carbon footprint and project profitability early in the development process. Our solution, Teamcenter product cost management, enables organizations to determine the interactions between components, tools and profitability.
Based on a bottom-up build of cost and carbon footprint, our solution allows you to understand what a product or tool should cost to make or buy. It translates the real-world production process into a value stream model, allowing you to pinpoint different steps of the procurement and production process to identify cost and carbon footprint savings opportunities at each level. With Teamcenter product cost management, you can calculate complex assemblies and versions quickly and accurately, and simulate technical and business what-if scenarios.
With project profitability, an essential decision-making aid, you can calculate multiple key performance indicators (KPIs), such as net present value, amortization period and cash flows, to view a wide range of perspectives and identify how these KPIs develop over time. This functionality allows managers to assess threats and opportunities in today’s increasingly volatile market environment and recognize which investments are profitable early in the process.
Teamcenter product cost management provides optimum support for cost engineering, procurement, finance and sales with the unique approach of merging calculation, planning and future forecasts on an integrated platform.
Adopting a cost management solution can help your organization enhance financial efficiency, improve decision-making and support long-term sustainability goals. Leveraging a cost management solution can help you in the following ways:
Our cost management solution enables data exchange with customer-specific applications such as PLM, enterprise resource planning (ERP), product data management (PDM), CAD systems and Excel® spreadsheets. External cost and carbon footprint benchmark data are optimally integrated into the software and always available to users. Furthermore, our solution provides data exchange capabilities with Siemens Digital Industries Software solutions like Teamcenter, Digital Logistics and Supplyframe — empowering organizations to leverage cost and carbon footprint data more easily and make the right decisions in the early stages of product development.
Our cost management solution, Teamcenter product cost management, is designed to help organizations make trade-offs between driving down carbon emissions, reducing product costs and addressing customer value demands. It supports product sustainability by providing tools and insights that enable you to make more sustainable choices during the product development process. With our solution, you can compare various design, material, manufacturing and supplier choices to make informed decisions that balance cost with sustainability goals.
The Teamcenter Carbon Footprint Calculator software, which is part of the Teamcenter product cost management solution, allows you to measure, simulate, reduce and track their product carbon footprint early in the development phase. It collects data on all emissions related to direct costs (raw material, semi-finished parts, machine type, energy type, tools and devices), including upstream activities for purchased parts, energy consumption, transportation and waste, as well as emissions related to indirect costs, such as plant overhead and transportation. It factors in emissions from downstream activities, such as recycling and disposal, providing you with a holistic understanding of your product emissions. Our software can support your eco-design strategies by enabling you to efficiently use materials in production through better product design or optimized manufacturing processes to avoid production waste.
Our cost management software solution can increase your company's profitability by enabling more accurate cost analysis, optimizing product design and supporting better decision-making early in the product lifecycle. Using our integrated cost-management approach can help your organization move from best-guess calculation to a methodical and sound assessment that is built on transparency and flexibility. This assessment provides the agility you need to compete profitably in a rapidly changing business environment.
Below are some of the average reductions in time, cost and carbon emissions achieved by our customers:
Video | Optimize costs early in product development
On-demand webinar | Optimize product costs and carbon footprint in development
On-demand webinar | Chasing the dual mission of product cost and carbon emission savings
Podcast | Understanding the benefits of PLM
Podcast | Sustainability and how a digital twin impacts energy resource usage
Blog | Link cost and sustainability in product design
Case study | Finding the right balance between costs and the carbon footprint
Fact sheet | Calculate the carbon footprint of your components