Understanding how the digital factory of the future will affect profitability is a critical concern for global automotive manufacturers
TROY, Mich. (PRWEB) August 15, 2019
FACTON, Potsdam, Germany-based software manufacturer and creator of the FACTON EPC Enterprise Product Costing solution, hosted a Power Lunch at the Center for Automotive Research Management Briefing Seminars (CAR MBS) in Traverse City, Mich. FACTON CEO Alexander M. Swoboda delivered a presentation on disruptive technologies impacting profitability in the automotive industry.
The Power Lunch consisted of a panel of industry experts and was hosted and moderated by FACTON VP of Professional Services Rüdiger Stern. He addressed an issue of great interest to all automotive industry executives: How evolving mobility concepts and the emergence of electric vehicles will change product costs and supplier profits.
“I was pleased to participate in the FACTON-sponsored panel discussion with peers in the automotive industry,” said Henniges Automotive CEO Larry Williams. “The importance of protecting profitability by accurately estimating product costs is a real concern for industry executives, as evidenced by the positive response of the capacity crowd.”
FACTON CEO Alexander M. Swoboda’s presentation on disruptive technologies was thoughtful and met with an enthusiastic response from attendees. It helped executives anticipate the changes necessary for automotive manufacturers and suppliers to navigate what will be a challenging environment as the industry evolves.
“Understanding how the digital factory of the future will affect profitability is a critical concern for global automotive manufacturers,” stated Alexander M. Swoboda, Chief Executive Officer of FACTON GmbH. “As the industry is disrupted by the shift toward electric vehicles and consumers opt for the convenience of mobility services, manufacturers must prepare by leveraging technology to create the innovative products that consumers demand while maintaining profitability.”
This year’s focus at CAR MBS was on the auto industry’s commitment to change, across the spectrum of technology, strategy, mobility, policy and manufacturing issues.
About FACTON GmbH
The FACTON EPC Suite is the leading Enterprise Product Costing (EPC) solution for the automotive, aerospace, mechanical engineering and electronics industries. Its specific solutions offer robust answers to the requirements of executive management and individual departments within the enterprise. FACTON EPC enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency throughout every phase of the product life cycle. Businesses accelerate their costing, achieve pinpoint cost accuracy and secure their profitability.
FACTON GmbH was founded in 1998 and has locations in Potsdam, Dresden, Stuttgart and Detroit. Hasso Plattner, founder and chairman of the supervisory board of SAP SE & Co. KG, has supported this innovative company since 2006. The international portfolio of customers includes Airbus, Mahle Behr, Deutz, MANN+HUMMEL, Porsche, Ford Motor Company and other renowned OEMs.
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