CONCORD, Mass.--(aPriori, a provider of enterprise product cost management software solutions, today announced that Multitest, one of the world’s leading manufacturers of test equipment for integrated semiconductor chips, has selected aPriori’s platform to increase the visibility of product cost information for new product introductions and throughout its product lifecycles. The company expects to reduce product costs, accelerate time to market for new products, and collaborate more effectively with suppliers on sourced parts as a result.)--
“aPriori is supporting Multitest’s product strategy while reducing costs and keeping projects on schedule”
Multitest provides its customers with highly innovative test handling and test interface solutions, custom-tailored to fit their individual needs and requirements. Getting new products to market on time and on budget are critical to its success and the company will use aPriori in design engineering, sourcing and cost engineering to support these goals.
The company’s design engineers will use the software to quickly and easily compare the cost of different product design alternatives and understand the cost impact of different design options as they happen. As changes are made, or new product specs are introduced, aPriori will automatically and immediately re-assess and provide updated product costs. This will enable Multitest’s engineers to evaluate more design options, attack cost earlier in the product lifecycle and make more informed design and production decisions to reduce product costs from the start. aPriori will also provide sourcing professionals with a standard tool for detailed “should cost” information to help evaluate make vs. buy decisions, work with suppliers more efficiently and reduce the time it takes to get cost estimates back from them. Multitest will also use the aPriori software to evaluate more cost reduction alternatives in cost engineering activities and conduct bulk cost analysis to identify parts’ costs that are out of line with industry standards.
“Our product strategy is focused on doing things right the first time to accelerate our time to market and reduce the time and cost for expensive re-work,” said Mr. Michael Kohl, head of global supply chain management for Multitest. “The aPriori software gives our teams immediate access to product cost information to support their design and sourcing decisions from the earliest stages of product development through production. This will enable greater innovation in new product design and increase our advantage in a very competitive marketplace.”
aPriori’s Product Cost Management software platform helps companies attack cost at the point of origin by equipping design, engineering, sourcing and manufacturing professionals with the knowledge and technology infrastructure to quickly and precisely determine the cost of a part or complete product. The software leverages computer-aided design and intelligent cost models to quickly generate detailed manufacturing analysis and cost estimates and quantify the impact of changes to product design, materials, manufacturing processes, volumes and location. The software also enables users to leverage product cost data hosted in other critical 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 or other enterprise applications.
“aPriori is supporting Multitest’s product strategy while reducing costs and keeping projects on schedule,” said Stephanie Feraday, president and CEO of aPriori. “Access to real-time ‘should cost’ assessments informs product design decisions early on and reduces expensive rework later in the development lifecycle. As a result, Multitest is driving greater innovation while gaining valuable cost efficiencies.”
Since 1980, Multitest has been one of the world’s leading manufacturers of test equipment for integrated semiconductor circuits. With 800 employees in over 20 offices in Europe, Asia and the USA, Multitest provides multinational manufacturers of semiconductors with highly innovative test handling and test interface solutions, custom-tailored to fit their individual needs and requirements. For more information, visit http://multitest.com/.
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Using aPriori’s real-time product cost assessments, employees in engineering, sourcing and manufacturing make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts. To learn more about aPriori and its product cost management solutions and services, visit www.apriori.com or call 1.978.371.2006. To see an overview demonstration of aPriori, click here.
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