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
- 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
- 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
- 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.
