Monday, July 13, 2009

Should Costing using Automatic Feature Recognition

What is Should Costing?

Should costing is the process of determining what a product should cost based upon its component raw material costs, manufacturing costs, production overheads, and reasonable profit margins.

Benefits of Should Costing
  • Transfers pricing power form a supplier to a purchaser
  • Identifies and eliminates inefficiencies and diseconomies
  • Identifies cost reduction opportunities in the supply chain
Manual Costing Process
  • Reading 3D model assembly
  • Manual interpretation of features
  • Mapping features to specific processes
  • Determining processing time for each feature based on the dimensions and other parameters
  • Determining processing cost for each feature based on time and type of processes
Automated Costing Process
  • Automatic reading of 3D model assembly
  • Automatic Feature Recognition from individual parts
  • Rule based feature mapping to specific processes
  • Automatic processing time determination for each feature
  • Automatic processing cost determination for each feature
Benefits of Automated Costing
  • Faster Costing – Reduction of time and overheads involved in cost estimation by 90%
  • Accurate Costing – Manual errors and approximations are avoided
  • Competitive Edge – Fast and accurate costing gives the power to negotiate for better prices.
  • Optimized Product Costing – Multiple product and manufacturing scenarios can be analyzed to get an optimized product design.
For Geometric's Should costing services click here

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