By Business Wirevia The Motley Fool
Filed under: Investing
Multitest Deploys aPriori Product Cost Management Platform
Semiconductor test equipment maker gains early cost visibility to reduce product costs and accelerate time to market
CONCORD, Mass.–(BUSINESS WIRE)– 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.
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.”
