Current Situation
Product, portfolio, and manufacturing cost analysis is performed as a separate batch process (not integrated with formula approval process).
Goals and Objectives
The objectives are higher product quality, increased product success rate, lower development and manufacturing costs, and lower R&D change costs.
Technology Deployed
Hardware: Servers, storage, smartphones, and tablets
Software:Big Data/analytics,blockchain, cognitive/AI, machine learning, cloud, security, mobile, and ERP
Services:Business services and IT services
Use Case Summary
Accurate “should-cost models” related to production methods and supplier pricing/quality history allow for real-time economic evaluations of decisions.