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(EMAILWIRE.COM, April 16, 2010 ) Boca Raton, FL --- aPrioriÂ’s mission is to enable leading manufacturing organizations to drive costs out of their products prior to production. With real-time product cost assessments from the aPriori Product Cost Management software platform, manufacturers can reduce product costs earlier in the development process to significantly lower Cost of Goods Sold (COGS) and measurably improve overall financial results.
In discrete product manufacturing industries, COGS is always the largest expense on a companyÂ’s income statement (typically between 70% to 90% of revenue). revenue). With a COGS percentage this high and typical net profit margins being 3% to 8%, even a slight reduction in COGS provides a tremendous opportunity to improve the financial results of an organization. If aPriori is able to help companies reduce COGS by 1%, they can add 10% to 30% to the bottom line. There is no driver of net profit margins as powerful as Cost of Goods Sold.
Through an innovative, patented understanding of how product design, materials and manufacturing processes translate into product costs, aPriori replaces traditional, inefficient cost-estimation techniques (such as activity-based costing, contract quoting or statistical analysis) with precise cost assessments that update in real-time as parameters change. aPriori provides true cost visibility to everyone in the organization that impacts cost – designers, manufacturing engineers and planners, purchasing and sourcing professionals, cost managers, program management and executives.
Leading manufacturers such as AGCO Corporation, Polaris, Gardner Denver, NCR Corporation and SFI of Tennessee have implemented aPriori to meet target costs on new product introductions, maximize cost savings on re-work projects, never overpay for outsourced products and increase the accuracy and speed of RFQ responses. These companies have taken a big step forward over their competitors towards reigning in escalating product costs that increase COGS and erode profit margins considerably.
For more information, please visit http://www.apriori.com or call 1-978-371-2006.
JL Haber, Vice President of Programming at Multi Media Productions, added, “aPriori is an exciting company with a unique mission. We are excited to have them as a guest on our program.”
About 21st Century Business
21st Century Business airs on CNBC (as paid programming) and the Fox Business Network (as paid programming). 21st Century Business may also be viewed through video on demand via http://www.21cbtv.com. The 21CBTV Series is also available at more than 90 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.21cbtv.com.
MultiMedia Productions
Gila Stern
561-988-9449 x228
gstern@mmpusa.com 
Source: EmailWire.com
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