More visibility for product, manufacturing costs
Ingersoll Rand to expand its deployment of aPriori software
According to a recent report by Aberdeen Group, best-in-class manufacturing companies enjoy significant advantages when they increase the visibility of cost drivers within engineering and reap the benefits of the improved decision making that result from it.
aPriori, which has been using its product cost visibility software within Ingersoll Rand, will expand the use of that software to all business units at Ingersoll Rand. The aPriori software provides IR with detailed product cost visibility throughout its entire product development process.
This helps IR officials identify savings when evaluating alternative designs, manufacturing processes and supply chain sources so they can attack cost at the point of origin where it yields the greatest possible impact on product cost reduction.
“The rapid success of aPriori at Ingersoll Rand is clear evidence of the extremely strong return on investment that our product cost management platform delivers,” said Stephanie Feraday, aPriori’s president and chief executive officer. “As the product cost savings start adding up, the management team quickly realizes that they can save significant sums of money if they get the tool in the hands of everyone that makes decisions impacting product cost.”
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.