Boothroyd Dewhurst DFM Concurrent Costing 3.0 Supports OEM Supply Chain Partnerships with Science-Based Estimates and Best-Cost Practices
With supply-chains optimizing their operations, and procurement playing a greater role in product development, the latest DFM software provides a path to more competitive costing and greater innovation
WAKEFIELD, R.I., USA, September 19, 2017 - Boothroyd Dewhurst, Inc., developer of internationally recognized Design for Manufacture and Assembly (DFMA®) software, announces the availability of DFM Concurrent Costing, Version 3.0. Deployed as a cost-analysis tool for engineering and procurement teams, the latest software allows manufacturers to move beyond “price” models, based largely on past bids, to industrial cost models grounded in scientific test data and studies. The result is a highly reliable “should cost” view of the product that offers insight into hidden cost drivers and ways to optimize both design and production.
DFM 3.0 allows OEMs and their suppliers to explore bids in a neutral framework where machine types, speeds, processing sequences and optimum levels of automation are discussed. This better-informed environment encourages supplier suggestions and deeper, integrated partnerships built around expertise, best-cost practices and shared goals.
The differences between traditional price models and data-driven cost models can be very significant, affecting decisions about what regions or countries a product is moved to for manufacturing. Properly designed and costed products are more likely to stay at their original manufacturing location and near existing resources. OEMs and suppliers can collaborate around DFM software to address these and other strategic issues.
DFM analysis—done early in design or during prototyping—reduces time-to-market, impacts direct and indirect costs, and helps optimize product functionality. It can be used by individuals or teams in making trade-off decisions to lower costs.
“We see a rise in procurement personnel joining engineering for the supplier phase of design review,” says Keith Gilligan, Boothroyd Dewhurst, Inc. business development manager. “To better serve this new group of users, we’ve enhanced our Manufacturing Profiles feature. Now you can compare manufacturing costs across U.S geographic regions, and then to those in China, with just a few clicks. With more emphasis these days by OEMs on supplier involvement and improved logistics, the Profiles are proving useful. Producing close to your markets is increasingly favored by manufacturers looking to reduce risks and realize stronger profits.”
Highlights of the latest version include:
“We’ve re-built the software architecture of DFM 3.0 with the most advanced, up-to-date development tools available,” said Gilligan. “It’s faster and easier to do an analysis now because the calculations occur instantly. The new architecture makes it easier to integrate with existing company resources, such as Manufacturing Resource Planning.”
“DFM Concurrent Costing has provided global manufacturers with the most accurate and detailed product cost information for almost two decades,” says Nick Dewhurst, executive vice president of Boothroyd Dewhurst, Inc. “Our methods for generating manufacturing costs continue to provide superior results and ROI over other approaches.”
Boothroyd Dewhurst Inc. is offering its DFMA Short Course: Product Simplification & Costing using Design for Manufacture and Assembly, in Boston, Massachusetts, October 18 - 19, 2017
About Boothroyd Dewhurst, Inc.
Boothroyd Dewhurst, Inc. was the first company to commercialize Design for Manufacture and Assembly (DFMA) methodologies and software tools, which make it possible to evaluate, estimate, and reduce the manufacturing cost of a product in the design phase through product simplification and cost estimation. Hundreds of Fortune 1000 companies, including Dell, John Deere, and Boeing, use DFMA to cut the costs of their manufactured products and achieve design innovation in their markets. The company was founded in 1983 and received the National Medal of Technology Award in 1991. For more information about DFMA software, workshops, consulting services, and international conferences, contact Boothroyd Dewhurst, Inc., 138 Main Street, Wakefield, R.I. 02879, USA. Tel. (401) 783-5840. Fax (401) 783-6872. Web site: www.dfma.com. E-mail: firstname.lastname@example.org.
DFMA is a registered trademark of Boothroyd Dewhurst, Inc.