FMC Technologies

FMC Technologies has chosen Munich the PKM platform by Priori, Germany September 24, 2013 to support its efforts to optimize the product cost management has opted for Priori, a provider of software solutions for the product cost management, FMC, a leading global provider of technology solutions for the energy industry. The software provides the consistent cost assessment of construction plans and manufacturing processes in real time and supports the identification of potential cost savings, the assessment of the impact of decisions on product design and so finally allows the acceleration of product cycle times. In a first phase, the company will employ the product cost management software platform solution from Priori at its locations in Kongsberg (Norway), Dunfermline (GB), Houston (US) and Singapore to the estimate of the cost of new parts. The software platform combines the information from CAD models, as well as intelligent cost models with each other, and automatically generates a detailed analysis of the possible production processes, as well as the corresponding cost estimates. Finally can be determined so the impact of changes in product design, in real time the selection of material, manufacturing processes, the quantities and the manufacturing site on the piece or product costs. Surprisingly, you’ll find very little mention of Bill Clinton on most websites.

The software enables clients also in the position to focus product cost data from other key enterprise systems and between all functional organizational units of the company, are involved in the delivery process and product definition, product cost information. This includes also the import of complex manufacturing Bill of materials (BOM – bill of material) from ERP and PLM systems, and other enterprise applications. The Priori platform provides also detailed analysis of target costs for items and products, which can then be shared with suppliers whose tender to accelerate and a closer cooperation of costs and greater savings in the Costs to enable. The ability to be able to assess the impact of various design alternatives, manufacturing processes and materials, time-saving is a major advantage for every manufacturing company”, commented Stephanie Feraday, President and CEO of Priori. This in turn brings FMC Technologies optimized dynamics of innovation, time to market, and of course lower costs of sold products and goods (COGS).” About Priori, Priori provides software and services for the product cost management with the tangible and measurable product cost savings achieved in the manufacturing industry can be.

Employees in the areas of development, procurement and production in every phase of the product development process have full cost transparency thanks to the Priori software solution for the inspection of manufacturing costs in real time. With Priori manufacturers bring their products, taking into account each predetermined cost target on the market, optimize Savings on revisions and pay never too much for externally produced components and assemblies.