Product Cost Estimation Features and Functions
By defining cost drivers and assigning values, product decision makers can use product cost estimation to identify the financial influence of a new product as early as the development phase.
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Cost Drivers
A source of expense for a product that can be individually captured, estimated, and analyzed. Examples are procurement cost, inbound transportation, inspection cost, etc.
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Material Costs
Material costs are costs that are directly associated with a material, whether they are purchased costs, activity based costs, or produced costs.
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Cost Rollup and Simulation
The ability to review a BOM and production process for an item and calculate estimated costs. Cost rollups typically start with the lowest level of the product structure and work upwards to the end product.
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Core PLM for Fashion/Retail Industries Features and Functions
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