Dassault Systemes has developed a new cost intelligence solution to help Renault Group reduce the impact of rising raw material prices on vehicle production costs. The solution extends Renault Group’s use of the 3DEXPERIENCE platform, a leading 3D design and engineering software, from design and engineering to the strategic business functions of costing and purchasing. This allows users to contribute to Renault Group’s technological and digital transformation.
The automotive industry is facing numerous challenges, including balancing sustainability, regulatory requirements, and inflation, especially in the face of volatile raw material prices caused by global factors such as armed conflicts, health crises, climate change, and consumer demands. This makes it difficult to ensure a return on investment when aligning the price of a vehicle with the cost of its parts.
The 3DEXPERIENCE platform provides Renault Group with a powerful combination of artificial intelligence, machine learning, and collaborative business processes, as well as an enriched 3D data model of the vehicle. This enables Renault Group to aggregate equipment designs, configurations, historical data, and forecasts, and simulate different design scenarios to understand, anticipate, quantify, and optimize vehicle price and cost. The platform also enables Renault Group to improve equipment purchasing negotiations by sharing insights with other stakeholders.
In conclusion, the cost intelligence solution offered by Dassault Systemes’ 3DEXPERIENCE platform provides Renault Group with a unique opportunity to address the challenges posed by volatile raw material prices. The solution offers a data-driven and actionable approach to balancing vehicle design with business, and will play a critical role in Renault Group’s digital transformation efforts.
The automotive industry is facing numerous challenges, including balancing sustainability, regulatory requirements, and inflation, especially in the face of volatile raw material prices caused by global factors such as armed conflicts, health crises, climate change, and consumer demands. This makes it difficult to ensure a return on investment when aligning the price of a vehicle with the cost of its parts.
The 3DEXPERIENCE platform provides Renault Group with a powerful combination of artificial intelligence, machine learning, and collaborative business processes, as well as an enriched 3D data model of the vehicle. This enables Renault Group to aggregate equipment designs, configurations, historical data, and forecasts, and simulate different design scenarios to understand, anticipate, quantify, and optimize vehicle price and cost. The platform also enables Renault Group to improve equipment purchasing negotiations by sharing insights with other stakeholders.
In conclusion, the cost intelligence solution offered by Dassault Systemes’ 3DEXPERIENCE platform provides Renault Group with a unique opportunity to address the challenges posed by volatile raw material prices. The solution offers a data-driven and actionable approach to balancing vehicle design with business, and will play a critical role in Renault Group’s digital transformation efforts.
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