Gartner has Priori in the current list of ‘ cool vendor’ Munich, Germany recorded in the category of product design and life cycle management 23 May 2013 the market research company Gartner Priori, a provider of software solutions for the product cost management of enterprises, has his current included in list (2013) the cool vendors in the categories of product design and life cycle management. Reason is this recognition of Priori with the capability of its software platform, used to predict the effects of design as well as manufacturing and procurement sources on the product cost than was previously possible. Finally, this better knowledge is reflected in higher profits, enhanced innovation and faster time to market. In its “cool vendors” list takes Gartner company, whose products or services as an interesting, innovative and trend-setting are classified. Priori is one of the five companies this year in the category of product design and life cycle management of Gartner were recognized.
The audit report from Gartner highlights the automated approach by Priori in analyzing production costs when compared to traditional manual approaches used today by most manufacturing companies. According to the report by Gartner, such manufacturing companies that missed chances for recovery because they usually only make their manual analyses, if the largest part of production costs is already irreversible. The Priori product cost management software platform supports companies to tackle costs already at the root, by making the necessary knowledge as well as the technological infrastructure available employees from the areas of design, production and planning, in order to determine the cost of a part or of a complete product, quickly and precisely. The software platform linked information from CAD models, as well as intelligent cost models, to a detailed analysis of the production and the corresponding cost estimates to to be able to generate, and finally determine the impact of changes in product design, the selection of material, manufacturing processes, the quantities and the manufacturing site on the piece or product costs.