Cost Management Platform provides cost critical information.
Press Release Summary:
Cost Management Platform version 4.0 provides single-platform decision information to manufacturers for capture of design information costs, production facility data, and cost accounting methodology. Featuring predictive cost estimates for die cast, turned, and 3-axis machined products, software also provides out-of-the-box sample production facilities for machined, sheetmetal, injection molding, and welded assembly product manufacturing.
Original Press Release:
aPriori v4.0 Delivers Real-Time Visibility and Predictive Cost Management for Cost Critical Decisions Across the Enterprise
aPriori v4.0 Delivers Real-Time Visibility and Predictive Cost Management for Cost Critical Decisions across the Enterprise
CONCORD, Mass.--Jan. 18, 2006--aPriori, the technology leader providing innovative cost management solutions to the discrete manufacturing industry, announced today the availability of version 4.0 of its Cost Management Platform. With this release, aPriori further enables manufacturers to better understand product cost decisions early and throughout the product lifecycle.
aPriori's Cost Management Platform v4.0 provides a comprehensive and integrated suite of solutions empowering manufacturers with:
o Ability to lower cost-of-goods sold (COGS) - Companies are in the continuous pursuit of lowering cost-of-goods sold. Using aPriori, costs related to materials, labor, and logistics are more predictable and available more quickly and accurately than ever before.
o Visibility to real-time "cost-critical" decision information - For today's companies to remain agile, they require real-time visibility to cost critical information for the many important decisions that impact costs prior to product delivery. This visibility must be immediate, available in a commonly understood language, and accessible to all who impact costs in the process across the enterprise.
o Cost knowledge to go on the business "offensive" - Tangible competitive advantages are derived from thoroughly understanding your company's business costs as well as the competitor's products and costs. Understanding the feature cost tradeoffs early in the product development lifecycle combined with visibility and ability to affect product cost through manufacturing and delivery drive customer satisfaction and profit opportunities.
aPriori's Cost Management Platform is driving significant and substantial cost savings for customers. Recent production use has demonstrated an 8% to 39% cost of goods (COGS) reduction for both new and mature products and a first year return-on-investment (ROI) which is greater than 20:1.
"All of my experience with aPriori has been very positive," said Paul Pollock, chief engineer for advanced products at a tier-one automotive manufacturer. "Their software does what they claim, and most importantly they have a solid, credible staff of people to support their product. They offer a unique capability and an opportunity to change the paradigm of cost estimating with better alignment to today's e-commerce."
Broadening the scope of aPriori's real-time, predictive, cost management platform
Version 4.0 broadens visibility to the cost impact of trade-off's between performance, quality, price, and delivery for a wide array of industries and products. It provides abilities to capture cost relevant design information, production facility data, and cost accounting methodology to accurately explore cost saving alternatives in the design, manufacturing, sourcing, and management of product programs.
Key enhancements to version 4.0 include:
o Industry-first cost analysis for machined products real-time, predictive cost estimates for turned and 3-axis machined products throughout the entire product delivery process
o Accurate cost assessment and management for die cast products
o Out-of the-box sample production facilities representing a variety of global production facilities for cast, machined, sheetmetal, injection molding, and welded assembly product manufacturing
o Cost accounting methodology enhancements to broaden accounting support for period overhead/indirect costs, logistical costs support, and other ad-hoc costs.
o Productivity tools to increase implementation productivity, collaboration, speed, and scalability
"Version 4.0 sets new benchmarks for providing real-time predictive cost information for a broad spectrum of manufactured products in a single cost platform that balances ease of use, speed and accuracy of cost information," said Frank V. Azzolino, president and chief executive officer of aPriori. "aPriori's ability to accelerate time to profit, reduce COGS by whole percentages, and provide cost visibility to achieve cost targets at product launch has captured the interest and support of many of the Fortune 100 discrete manufacturing companies."
Availability
aPriori's Cost Management Platform v4.0 is available now.
About aPriori
aPriori (http://www.apriori.com) is a venture-backed company developing an innovative platform of cost management software solutions for the discrete manufacturing industry. aPriori's patent-protected cost management platform allows companies to assess, control, and reduce cost of goods sold (COGS) by whole percentages.
aPriori, headquartered in Concord, MA, was founded in 2003, and is funded by Bain Capital Ventures and Sigma Partners.
aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
CONTACT:
aPriori
John Busa,
978-371-2006
jbusa@apriori.com
