Achieve the dual mission of product cost and carbon emission savings
Discover innovative strategies for simultaneous cost reduction and carbon emission savings in manufacturing. Join our webinar to gain insights from industry experts on leveraging unique approaches to optimize product costs and carbon emissions concurrently.
Regulations and growing demand for low-emission vehicles have accelerated the race to reduce tailpipe emissions. Given the significant expectations of reducing carbon emissions, manufacturers in the automotive industry need to deliver greener cars at competitive costs and a reduced carbon footprint. Crafting an effective decarbonization strategy necessitates a comprehensive understanding of the carbon footprint of materials, manufacturing processes, buying parts, transportation, etc., and subsequent levers to decarbonize. Building an actionable decarbonization roadmap requires automotive manufacturers to understand the cost and carbon emission impact of levers to set the right targets. Such decisions require close collaboration among multiple business functions. So, to make informed material substitution decisions, for example, design teams need to work closely with their counterparts in procurement and manufacturing. Sustainability decisions must take evolving customer preferences into account, too.
Companies need effective cost and carbon emission calculation solutions to monitor these throughout their value chains. Looking at the greenhouse gas protocol, addressing Scope 3 emissions requires robust, granular source data. The carbon footprint of otherwise identical materials and components can vary significantly, depending, for example, on where and how they were produced or transported. As companies extend their sustainability efforts into complex global supply chains with thousands of components, they have a pressing need to standardize and automate the calculation process of supplier cost and carbon footprint.
Act, record, and report your profitability and sustainability goals with Teamcenter Product Cost Management. The solution provides an integrated bottom-up approach to modeling what products should cost, as well as their carbon footprint, which will allow stakeholders to evaluate trade-offs when making decisions during the development process. For instance, the solution can help answer questions such as: “What are the costs and carbon footprint for in-house produced products or buy parts?” or “What if switching between plant locations, with different levels of automation, power-grid emissions, and transportation costs?” Among other use cases, Teamcenter Product Cost Management can bring clarity at different decision points during the development and procurement of products. It can also be useful when teams are attempting to select the right technology for procured subcomponents since it provides insights into their emissions and what they should cost.
The webinar demonstrates how Teamcenter Product Cost Management can create a unique bird’s-eye view of sustainability impacts and costs. Effectively implemented, the methodology enables companies to take their green ambitions to the next level, while ensuring that they meet their regulatory obligations and the needs of the next generation of sustainability-conscious consumers. Most importantly, Teamcenter Product Cost Management insights are practical and feasible. Using Teamcenter Product Cost Management as part of the overall Siemens Xcelerator offering, companies can embark on large-scale transformations across their portfolios to generate actionable insights at scale. The solution can be used across all phases of transformations, from baselining cost and carbon footprints to evaluating economic carbon reductions and determining specific decarbonization targets. These insights can drive directed action, enabling decision-makers to create business models that both add value and set their companies apart from their peers.
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