Managing product costs throughout the entire product lifecycle is increasingly challenging as product and sourcing information are decentralized across multiple systems. In many cases, this information is inaccessible, not visible, or inconsistent, leading to millions of dollars in lost profits each year. Strategic sourcing is data-intensive, time-sensitive, and it requires a collaborative framework where internal and external sourcing and design teams, as well as suppliers and multi-tier manufacturing partners, can input and access the relevant information. In conjunction with Oracle’s Agile Product Collaboration, Agile Product Cost Management enables companies to effectively manage product cost by displaying the product record within a dynamically updated framework, to achieve true strategic sourcing.
Download the Oracle® Product Cost Management Datasheet
Inspirage is a leading implementer of Agile Product Cost Management from Oracle, a solution that allows companies to enter and retrieve data and analyses across the multitiered supply chain. Such a powerful framework simplifies new product sourcing, allowing companies to manage product costs with minimal supply chain risk. Agile Product Cost Management integrates sourcing data into the common enterprise product record, including BOMs, specifications, drawings, models, and approved manufacturers. This integration enables companies to monitor the sustainability of sourcing strategies, leverage the full expertise of suppliers, and reduce ongoing product costs. Key stakeholders can dynamically share information in real time and adjust operations based on an integrated view of the product lifecycle, resulting in products delivered efficiently and more cost-effectively.
Key Customer Needs Management Features:
- Cost data integrated into the product record
- Collaborative hub for stakeholder input
- Material and non-material cost management
- Cost scenario modeling and analysis
- Actual versus target costs comparisons
- Integration with supply chain execution systems
Key Benefits:
- Simplify product sourcing
- Minimize supply chain risk
- Reduce material and non-material costs
- Improve sourcing decisions
- Streamline the supply chain