aPriori, a provider of enterprise product cost management solutions, today announced that its software platform has been selected by Soucy Group. The company, which designs and manufactures components for leading manufacturers of recreational, industrial, agricultural and defense vehicles, will use aPriori’s solution to help it respond more quickly, accurately and profitably to customer requests for quotes (RFQs). Initially, Soucy will deploy the software in its design, manufacturing and sourcing operations in North America and China.
With aPriori, Soucy expects to compress the time it takes to respond to a request for proposal (RFP) from two weeks to one day while identifying new product cost savings. Additionally, the software will enable Soucy engineers to consider additional design alternatives and their cost implications, further enhancing product innovation and quality. By deploying a more efficient and consistent approach to product cost management, the company also expects to maximize the productivity of its staff.
“aPriori’s solution gives us an important advantage over our competitors,” said Eric Côté, president and chief operating officer at Soucy Holding, Inc. “By increasing our cost visibility, we are equipping more people in our organization to impact product cost before it gets designed and manufactured into our products. This is all part of building a stronger cost culture across our entire organization and continuing to strengthen our market leadership position.”
aPriori’s product cost management platform is architected to provide real-time cost information on parts and complete products. The software leverages CAD and intelligent cost models to quickly determine feasible manufacturing methods and product costs while generating detailed manufacturing analysis and cost estimates that quantify the impact of changes to product design, materials, manufacturing processes, volumes and location in real time. aPriori will also enable Soucy to leverage product cost data hosted in other enterprise applications to communicate product cost information between all functional organizations involved in product definition and delivery. This includes the import of complex engineering Bills of Materials (BOMs) from ERP, PLM and other enterprise applications. aPriori also incorporates enterprise quality business intelligence capabilities that provide intuitive, role-based insights for design, engineering, manufacturing, value-engineering and sourcing executives and managers.
“Soucy is well recognized in the market for its innovative product design and engineering capabilities,” said Stephanie Feraday, president and CEO of aPriori. “Now they are applying that same thinking to product cost management to further differentiate themselves. With aPriori, the company can deliver higher service levels, source products more efficiently and improve product profitability significantly.”
