Overall a good idea, especially if a process model of existing manufacturing systems are maintained and this can be used to price out changes.
Manufacturing Cost Prediction
Purdue University News
Chris Adam
May 26, 2020
Researchers at Purdue University and the Indiana Next Generation Manufacturing Competitiveness Center (IN-MaC) have developed software that can help manufacturers better predict and adjust their costs. The software tool provides a drag-and-drop palette of process steps that allow the user to change the manufacturing process line with different configurations, such as equipment, robots, and employees. Users can see how each change affects the final cost of the product, as each process step is characterized by cost parameters that can be adjusted to study the effects on overall manufacturing costs. Said IN-MaC's Ben Haley, "This software helps manufacturers strategically plan their operations and then evaluate changes, all within the scope of understanding how everything affects the total cost." .... '
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