Many Glovius users are from Purchasing and Should Costing teams. Product designers need to identify unproductive manufacturing costs early in the product life cycle. Designers and Sourcers are faced with stringent cost targets as companies optimize to provide maximum product value.
Should-Cost analysis helps in these scenarios and empowers product manufacturers to break down costs analytically and iterate based on the cost structure. According to some estimates, conducting Should Costing reviews can reduce the cost of total systems by 5 to 15 percent and sub systems cost by up to 40 percent!
Glovius offers a number of tools to help calculate the cost of manufacturing of a component.
Start with the BOM Report
Generate a part level Bill of Materials report in CSV format and import it in Microsoft Excel. The report contains the dimensions of the component, quantity, material (if specified) and serves as a start point for your Should-Cost calculations. For parts, use the Analyse dialog to instantly get the component bounds, mass properties and other relevant information.
If you receive an iteration of a previous component – use the Compare tool and find the differences in 3D design to calculate the delta value in cost accordingly. Use the measure tool to better understand the changes. You can also save the comparison results in PDF for sharing and collaboration.
Use the Component Visibility tools from the View tab to focus on a specific component. You can Select and Isolate any component for a clear understanding of its design.
We hope this post gets you started on Should Costing analysis for your components. Please contact us at email@example.com if you have any feedback, questions or suggestions.