aPriori today announced that AGCO Corporation (NYSE: AG) will extend use of the aPriori Product Cost Management Platform to include its Brazil operations. With aPriori, AGCO will increase its ability to drive costs out of its products pre- and post-production using real-time product cost assessments that are generated automatically throughout design, sourcing and manufacturing processes.
“Real-time cost visibility by our engineers will improve our ability to make design decisions that result in lower product costs,” said Eric Froebel, Global IT Engineering Systems Manager at AGCO Corporation. “Expanding our ability to cost parts in multiple global regions allows our employees to understand the cost impact of their everyday decisions. As a result, they will find ways to develop high quality products that cost less to manufacture.”
“aPriori’s real-time ‘should cost’ assessments are helping manufacturing companies launch products at target cost, maximize the results of re-design projects and secure optimal pricing for outsourced parts,” said Stephanie A. Feraday, President and CEO of aPriori. “By extending its aPriori implementation, AGCO further increases its ability to achieve its cost reduction goals.”
The aPriori Product Cost Management Platform is the first software solution to provide discrete manufacturers and product companies with real-time, predictive and precise product cost assessments throughout the development and production process. aPriori’s revolutionary cost management capabilities empower organizations to identify quantifiable savings in material, tooling, labor and overhead when evaluating alternative designs, manufacturing processes and sources.
About AGCO
Founded in 1990, AGCO Corporation (NYSE: AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,000 independent dealers and distributors in more than 140 countries worldwide. AGCO products are sold through the core brands: Challenger®, Fendt®, Massey Ferguson® and Valtra®. AGCO provides retail financing through AGCO Finance. The Company is headquartered in Duluth, Georgia, and in 2007 had net sales of $6.8 billion.
About aPriori
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing organizations. Using aPriori’s real-time product cost assessments, employees in sourcing, manufacturing and design engineering make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and never overpay for sourced parts.
To learn more about aPriori and its product cost management solutions and services, visit www.apriori.com or call 1.978.371.2006.
aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, registered trademarks or service marks belong to their respective holders.
Contacts:
Ed Thomas, 978-371-2006
ethomas@apriori.com
