Concord, MA – aPriori, a provider of enterprise product cost management software solutions, announced that Iveco, part of Fiat Group, has deployed aPriori’s software platform to set, track and meet target costs across its product design process. Iveco will apply aPriori in its value engineering and new product development processes to identify and deliver new cost efficiencies for a broad range of products and groups.
A subsidiary of Fiat Industrial (FIR:IM), Iveco is an international leader in global transport, widely known for the development, manufacture, marketing and servicing of commercial, transport and specialist vehicles. Iveco strives for continuous improvement and innovation across its operations, products and services, to ensure the success of its customers. This commitment to innovation includes best-in-class engineering technologies and methodologies that are proven to reduce costs and complexity while ensuring maximum value and quality for its customers.
aPriori’s Product Cost Management software platform helps companies attack cost at the point of origin by equipping design, engineering, sourcing and manufacturing professionals with the knowledge and technology infrastructure to quickly and precisely determine the cost of a part or complete product. The software leverages computer-aided design and intelligent cost models to quickly generate detailed manufacturing analysis and cost estimates and quantify the impact of changes to product design, materials, manufacturing processes, volumes and location. The software also enables users to leverage product cost 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 or other enterprise applications.
“aPriori software and services provide solid, measurable product cost savings for innovative manufacturing organizations like Iveco, driving significant costs out of parts production” said Myles Peyton, aPriori’s managing director for Northern Europe. “By enabling its designers and cost engineers to identify cost efficiencies earlier in the product development process, the company will see those bottom line benefits sooner and at a higher level.”
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.