Explore how modern manufacturers are revolutionizing their cost management approach with data-driven solutions. Learn from industry experts about transforming manufacturing operations through advanced cost management software.
In a recent webinar hosted by BME, industry experts from Tset and MHP—A Porsche Company shared valuable insights into how manufacturers can leverage data-driven approaches to enhance the profitability of operations. The presentation fostered several key discussions, including the following strategies for optimizing manufacturing costs in today's challenging business environment.
Today's manufacturing sector faces major changes and challenges that directly affect company profits. Global inflation trends have created significant pressure on cost structures, forcing manufacturers to reevaluate their operational strategies and seek new efficiencies. Simultaneously, the growing emphasis on CO₂ emissions has become a critical factor in strategic decision-making, requiring companies to balance environmental responsibility with economic performance.
Beyond these immediate pressures, manufacturers must navigate increasingly complex product portfolios, where variant diversity continues to expand in response to market demands. This complexity is exacerbated by accelerated innovation cycles, which require organizations to streamline their product development processes while maintaining quality and efficiency.
The improvements in profit optimization in manufacturing are driven by specialized cost estimation software solutions designed to support consulting approaches like those of MHP. To effectively handle complex manufacturing scenarios, these modern solutions must address three critical requirements: scalability, accuracy, and detailed analysis capabilities. Together, these elements enable comprehensive product variant analysis built on reliable data and sophisticated calculation models.
With Tset's modules, manufacturers can efficiently analyze thousands of components across multiple scenarios. Our solution handles country-specific requirements, customer variants, and production volumes simultaneously through both UI and API interfaces. This eliminates the need for time-consuming manual calculations, while still maintaining the flexibility to adjust scenarios on demand and thus enabling manufacturers to respond quickly to changing market conditions.
Manufacturers can rely on continuously validated cost calculations that adapt to evolving technologies and economic conditions. Through regular updates, Tset ensures that all analyses remain current and reliable. Our collaborative approach with customers ensures that calculation models consistently reflect real-world manufacturing conditions, providing a trusted foundation for strategic decision-making.
Tset provides manufacturers with comprehensive supply chain models that go beyond basic cost estimates. Our detailed analysis reveals the composition and structure of costs, enabling targeted optimization measures to be taken. This includes integrated CO₂ emissions calculations, helping manufacturers stay ahead of regulatory compliance while optimizing their production processes.
To learn more about data-driven profit optimization approaches and see Tset in action, watch the full webinar recording. Sasan Hashemi, Co-founder & CEO at Tset, and Philipp Lang, Manager at MHP - A Porsche Company, share detailed insights and practical implementations.
Industry leaders are already implementing data-driven approaches to optimize their manufacturing operations, achieving significant improvements in cost efficiency and sustainability. Through advanced cost calculation software solutions, manufacturers can now simulate scenarios, optimize costs, and evaluate supply chain modifications with high precision.
Over the past decade, cost engineering has become crucial in the automotive industry, ensuring transparent and efficient pricing, benefiting both buyers and suppliers.
Discover why modern manufacturing requires more than Excel for accurate cost estimation. Explore how specialized cost calculation software like Tset enhances efficiency, supports sustainability, and meets the complex demands of today’s industry.
Cost and value engineers face growing challenges, particularly in the automotive sector, where they must balance cost, carbon footprint, quality, and time while meeting sustainability demands. The complexity of their role has increased significantly due to the need to simultaneously manage various environmental, social, and governance factors.
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