Even for cost estimates throughout the early phases of product development, many businesses still use standalone databases and spreadsheets. In the early stages of product development, enterprise resource planning (ERP) systems typically do not offer enough assistance for a trustworthy cost analysis.
Teamcenter® product costing offers an enterprise-wide platform for organising calculations and centrally storing the business’ in-house costing knowledge. Additionally, Teamcenter Product Costing enables data sharing between ERP and Product Lifecycle Management (PLM). The methodology of the traditional bottom-up overhead computation is used in product costing. This strategy establishes the material utilisation and process costs based on a thorough understanding of the product structure. The calculations are based on up-to-date benchmark data for manufacturing technology, equipment, supplies, and labour prices globally. To maximise the benefits, several departments, including cost engineering, buying, controlling, and sales, can collaborate via Teamcenter.