CIMdata PLM Industry Summary Online Archive
15 April 2009
Product News
All-New FACTON Software Module Tracks Vendor Tooling Costs
All-New FACTON Software Module Tracks Vendor Tooling Costs
-- Latest feature for comprehensive cost-solutions system
-- Greater cost-reduction opportunities
-- No reduction in product quality or content
The Tooling Module is the latest upgrade for FACTON total-cost management systems, providing real-time cost transparency to help companies track and lower their costs over the lifecycle of projects and products.
"This new feature allows our customers to view and manage vendor tooling costs very accurately and in real time," said Edward Mabley, President and CEO of FACTON Inc. "This gives you the ability to generate much more accurate should costs, and to track the tooling costs over single and or multiple programs over the entire value chain."
The FACTON system gives companies the ability to accurately track and predict costs. The system is configurable to match each client's specific needs, and provides an easy way to view and follow actual costs via management dashboards, as well as compare multiple cost scenarios.
The data is updated in real time for all users around the globe within your company. Additional, FACTON provides quarterly-updated global sourcing costs of hundreds of manufacturing commodities, as well as labor costs broken down by regions within world markets.
"The new Tooling Module information is visible with the FACTON dashboard with all of the other cost data in the system," said Alexander Redlich, Senior Consultant for FACTON. "This makes it is easy for authorized finance, purchasing and product development teams to input, access and analyze data. This enables informed decision making to keep costs down without sacrificing product features or quality, and it improves program development speed."
FACTON is a cost solutions company that delivers systems and services to accurately predict, track and control costs on specific projects as well as over entire product lifecycles. Services include should-cost estimates, actual program-cost management, make/buy evaluations and global benchmark costs. The FACTON system provides complete program-cost transparency to allow clients to accurately track costs in real time from multiple points throughout a global organization. The company has proven experience at more than 25 leading manufacturing companies around the world.
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