FACTON Introduces New Partner: The Center for Strategic Cost Management

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The partnership between FACTON and the Center for Strategic Cost Management addresses the growing demand of medical device companies for enterprise-wide cost management solutions.

Comprehensive cost management with strategic insights for decisions at every step of the costing process and throughout the entire product lifecycle determines the profitability of medical device and medical technology companies.

The software manufacturer FACTON, provider of the Enterprise Product Costing (EPC) Suite, continues to expand its international sales network. With the Center for Strategic Cost Management, a sales partner has been acquired to strengthen the solutions of the EPC Suite in the North American market. With this partnership, both companies pursue the goal of supporting manufacturers and suppliers in the medical device industry in calculating and optimizing their product costs.

The Center for Strategic Cost Management advises companies from the selection of a software solution for cost management to implementation. The company was recently founded by Gerald Collins, initiator of the Society of Cost Engineers. The owner/founder has over 30 years of industry experience in product design, manufacturing, purchasing and cost management. The focus of the consulting services lies in the following areas:

  • Design for manufacturing/assembly (DFM/DFA)
  • Lean organization
  • Market and competitive analysis
  • Internal cost calculation and analysis
  • Should costing
  • RFQ preparations
  • Sales negotiations

Read more about the FACTON sales and solution partner network: https://www.facton.com/about-us/our-partners.

Learn more about the Center for Strategic Cost Management: http://centerforstrategiccostmanagement.com/

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 lifecycle. 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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Marcella Robinette
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