Product Cost Analytics

LTI’s Product Cost Analytics solution fulfills this exact requirement and enables Automotive OEMs and part supplier companies to make informed decisions on engineering designs, while complying with targeted cost parameters. It helps cost analysts and design engineers evaluate product designs based on cost break-ups, and provides dashboards with multiple views for product, cost and sourcing, covering the entire product development lifecycle. The solution also evaluates engineering change cost impact for effective product cost change management.

LTI’s Application Development & Maintenance services foster rapid end-to-end design, development and management of enterprise applications, by leveraging the latest DevOps and automation technologies. Underpinned by our mature processes, robust global delivery models, and rich technology expertise, our ADM offerings help manufacturers rapidly roll out connected applications and custom implementations. Our ‘factory model’ for ADM execution ensures the requisite standardization, predictability and quality standards, at lower costs.

Highlights

  • Flexible analytical solution built on a comprehensive engineering Bill of Material (BoM).
  • Change impact analysis to estimate engineering rework and its effect on product cost.
  • Roll-up of multiple cost elements, based on product hierarchy.
  • Drill-down and roll-up features to provide granularity on direct and indirect cost parameters.
  • Tool to simulate the effect of foreign exchange rates on costs and product pricing.
  • Product cost causal analysis and cost audits.

Benefits

  • Gain complete control over all cost parameters at an early stage of the product life cycle.
  • Make optimal decisions related to sourcing, design, development and pricing.
  • Ensure zero cost leakages with granular views and reports.
  • Easily tackle complex ‘make vs. buy’ and currency rate-related decisions.
  • Explore counter measures for the probable cost impact of engineering change, in the product design phase itself.
  • Identify trends to formulate future cost control strategies.

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