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.”
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.