Product cost management software platform enables more informed design decisions
Concord, Mass. – May 15, 2012 – aPriori, a provider of product cost management software solutions, today announced that ThyssenKrupp Elevator, one of the world’s leading elevator companies has deployed its software platform to effectively attack product costs earlier in the product lifecycle. The software platform is currently being used by the company’s engineering, manufacturing and procurement teams at its Middleton, TN plant. aPriori enables company personnel to follow products and manage costs from initial design through implementation in its plants.
“aPriori takes the ambiguity out of what a new design might cost, ensures consistency in the cost estimating process and enables engineers to evaluate one design over another in real time,” said Patrick Bass, senior vice president of engineering for ThyssenKrupp Elevator. “This accelerates our development process and ensures ThyssenKrupp Elevator Americas goes to market with products that are optimized from the start. That translates to more satisfied customers and a better bottom line.”
Since deploying aPriori, ThyssenKrupp Elevator Americas has seen many direct benefits to its product development process and its overall business. The mechanical engineering team is able to evaluate three times as many design alternatives than before deploying aPriori. This enables increased product innovation. It used to take design engineers approximately one week to get a ballpark quote back from the manufacturing team. Now, with aPriori, the designers can create a highly detailed cost estimate in aPriori within hours. And, they can make a change to that design and understand the cost implications with one click.
aPriori is also being used by the manufacturing group at the Middleton plant to help find the most efficient routings for a given part or product and accelerating time to market as a result. aPriori can model any manufacturing facility and take into account the unique capabilities it may have. It is also a very flexible system that has been configured to give engineers complete control over the costing process – so they can easily change routings as needed based on machine availability, maintenance schedules, etc. and quickly get a new cost estimate.
The Procurement team at ThyssenKrupp Elevator Americas is also benefiting with aPriori. When team members are sending projects out for bid, they now have a cost standard to compare any quote against. This enables them to do fact-based negotiation with their suppliers and collaborate more effectively to bring costs to the forefront of the discussion and ensure they are fully optimizing costs on any particular part or product.
“For the engineering guys in the trenches, aPriori provides the tools they need to be efficient and effective and they can grow with the system,” says Stephanie Feraday, president and CEO of aPriori. “As ThyssenKrupp Elevator’s engineers use the system, they are learning to design for cost-effectiveness from the outset – further accelerating design cycles and increasing efficiency. The system is building cost proficiency as a core competency for the company.”
About ThyssenKrupp Elevator
The Elevator Technology business area brings together the ThyssenKrupp Group's global activities in passenger transportation systems. With more than 46,000 employees, sales of 5.3 billion Euros in fiscal 2010/2011 and customers in 150 countries, ThyssenKrupp Elevator is one of the world's leading elevator companies. Its portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers.
ThyssenKrupp Elevator Americas is the largest producer of elevators in the Americas, with more than 13,500 employees, more than 200 branch and service locations, and sales of more than $2.7 billion. ThyssenKrupp Elevator Americas oversees all business for the operations in the United States, Canada, Central and South America. It is a subsidiary of ThyssenKrupp Elevator AG.
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 never overpay for sourced parts.
aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, registered trademarks or service marks belong to their respective holders.