Predicting the target cost of a product

Accelerate your time to market by controlling your production costs

+250%

productivity on cost calculation

8

weeks of development

Context

The design of new products represents a significant challenge for the Purchasing Departments that participate to calculate future production costs. Establishing the economic equation for a product under development requires a considerable amount of time and cutting-edge expertise. This time-consuming activity is often a major obstacle to bringing new products to market, as it requires careful analysis to ensure the financial viability of the product.

Solution

Our solution uses the history of cost calculations that have been carried out in the past and allows you to predict in a few seconds the objective cost of a new product based on its specific characteristics (dimensions, materials, geometric shapes, manufacturing and transport costs, etc.). The data used is of all types: images, texts, videos, 3D plans, etc. This solution using advanced AI technologies also makes it possible to know the cost factors on this new product.

Benefits

  • Reduced design time of a new product
  • Margin optimization to maximize your profits 
  • Better budget reliability to avoid unexpected overruns 
  • Improving your competitiveness
  • Best negotiation pitch thanks to a detailed understanding of costs
Houcem Chaabane

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