Manufacturers must meet or beat the target cost for the purchased parts in a bill-of-materials (BOM) to achieve the gross margin required for a product to be launched successfully.
That means quickly identifying qualified suppliers for those parts, tracking the actual BOM cost against the target cost, and taking action as required to achieve target cost, often through multiple revisions and versions of the BOM.
Directworks Product Manager enables you to collaboratively manage a product’s BOM through supplier selection and costing activities to meet or beat target cost and get to market faster than your competition. And once the product is launched and in production, Product Manager supports the management of any supplier-related initiatives to maximize product sales and profitability.
Download the webinar replay to see Directworks Product Manager Module firsthand.