North American Costing Community Meets at the FACTON User Conference 2019
TROY, Mich., June 13, 2019 /PRNewswire-PRWeb/ -- FACTON, the leader in Enterprise Product Costing (EPC), held its annual North America User Conference at the Detroit Yacht Club, Michigan, on June 6, 2019. The conference was attended by 32 customers and partners.
Conference attendees learned best practices to effectively manage automotive costing and quoting requirements. FACTON customers shared methods for leveraging cost management processes and cost analytics. "Costing is an issue that is taking on broad relevance for more and more companies. The aim of the FACTON User Conference is to offer our customers a platform to share their thoughts and personal experiences with the FACTON team and other users on a regular basis. The best ideas for improvements and enhancements usually come from speaking directly with other users and experts," commented Alexander M. Swoboda, CEO at FACTON.
In his keynote speech "The Future of Costing: Artificial Intelligence and Machine Learning," Mr. Swoboda gave an overview of megatrends influencing costing, especially Big Data and Artificial Intelligence.
Mohamed Abuali, CEO of IoTco presented his thoughts on predictive costing - artificial intelligence in costing, one of the most discussed topics in the industry. "We definitely see AI as an innovation driver that no sector will be able avoid much longer, including product costing," explained Mr. Swoboda. "This is why we actively promote the topic with the costing community."
In its new white paper "Predictive Costing", FACTON highlights the use of artificial intelligence in costing and first possible use cases. Download the white paper here: https://hubs.ly/H0jfTzF0
About FACTON The FACTON EPC Suite is the leading Enterprise Product Costing (EPC) solution for the automotive, aerospace, mechanical engineering and electronics industries. Its specific solutions offer robust answers to the requirements of executive management and individual departments within the enterprise. FACTON EPC enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency throughout every phase of the product lifecycle. Businesses accelerate their costing, achieve pinpoint cost accuracy and secure their profitability.
SOURCE FACTON
