Cost estimation

  • 09-Feb-2011 01:45 EST
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Global automotive manufacturers can estimate the total cost of manufacturing a product based upon its component raw material costs, manufacturing costs, production overheads, and reasonable profit margins using a service from Infotech Enterprises. The service adds value to a product by leveraging experienced manufacturing engineers to build reliable cost-estimation models. The models provide costing data that support part development and assembly—from design to procurement, for medium to large OEMs. They reduce design costs via concurrent costing, eliminate program cost surprises, optimize manufacturing costs, and provide tools to negotiate/compare supplier costs. Should-cost analysis also helps identify the right supplier through vendor-capability analysis, enables quick transition between suppliers, and allows companies to benchmark and share best practices and competitive processes in manufacturing.

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