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.

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