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Feature-based cost analytics: direct spend cost reduction is the primary bottom-line benefit, says Akoya Inc.

Publication: Industry Week
Publication Date: 01-JUN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ROUTINELY HARASS PART suppliers with demands for across-the-board price cuts? Not Peoria, Ill.-based Caterpillar Inc.

Instead of beating up on suppliers with unfocused demands, two Caterpillar managers, Nelson Jones and Syamala Srinivasan, pioneered an alternative, a unique part analysis software tool that quickly and easily recognizes cost-reduction opportunities in a design configuration. The goal, as they saw it, was to automate the identification of logical opportunities for cost-reduction collaboration.

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