Diagnostic solution for manufacturing product cost reduction
A Singapore SME has developed a costing diagnostics software for the manufacturing industry to address the concerns of cost wastage. The 99.99% accuracy of the software allows continuous improvement of cost saving activity through modelling. Apart from being accurate, the product also saves time and effort for the management and engineers. The SME seeks partnerships with MNEs and SMEs of all sizes through technology licensing agreements.
The company is looking for partnerships with MNEs or SMEs of all sizes, such as systems integrators or financial and costing software companies. It is willing to collaborate with vendors interested in becoming one of its innovation partners for exploiting new technologies through in-licensing and co-development, particularly software companies serving the manufacturing Industry.
Manufacturing enterprises are focused on cost reduction and continuous improvement in their factories. For an ideal factory scenario, production should be carried out without any losses in cost while maintaining acceptable quality. However, a majority of factories incur 25% to 50% additional costs due to wastage and losses. Factors, such as zero unplanned downtime, zero machine speed losses, zero quality scraps, zero material wastage, all overheads, and direct labor contribute to zero factory loss. The costing diagnostic software identifies the gaps between zero loss costs versus current cost in various manufacturing processes. The information gathered at the factory stage, such as at the final product, individual process, and individual machine levels provides detailed insights to factory management. These insights enable the management to focus their time, efforts and resources on high ROI problems. Potential Application Areas: The software can be applied to factories with Enterprise Resource Planning (ERP) Systems and Machine (Overall Equipment Effectiveness) OEE data in whatever format. The software will have applications in computer hardware / networking companies as a bundled service. The Singapore SME is looking to partner SMEs and MNEs of all sizes, including financial and costing software companies (such as inActivity-Based Costing Software) serving the manufacturing industry. The types of partnerships sought would that of a licensing agreement where the partner could license the technology and further develop it to offer to its customer or market segments.
Advantages and innovations
• The Software leverages a combination of OEE analysis and proprietary modelling algorithms. It also uses advanced Japanese Target Costing Management formulas as part of the combination. • The software enables prediction of financial impact on product cost in various operating conditions. • The solution is available in pre-bundled options with Cisco Systems' Hyperflex Server, reducing the time by half.
Already on the market
Intellectual Property Rights (IPR)
Patent(s) applied for but not yet granted
Register your interest
How it works
- Tell us about yourself
- We’ll discuss with you
- We put the right partners in touch
EEN help you find the right partner, rather than you going it alone.
Our role is to review and collate the most suitable submissions, and then send them to the client who posted the opportunity. We consult with you, and the client, to make the process professional and easy.
These are live opportunities. Your registration of interest on the site is just like a professional approach to a business at a networking event. To stand the best chance of success, make your submission really sing. Sell why the client who posted the opportunity should work with you. Excite them. Ask questions. Try and avoid copy and pasting words from elsewhere.
Once the client has chosen their partner, we'll introduce them over email and keep in touch with both parties to see how it's going. Sometimes things progress quickly. Sometimes because of changing priorities for either party, things progress slowly, but you never know - your next big business break could start right here.
First we need to check you’re human.
Thank you for verifying your email. We have sent you a confirmation email containing a 6 digit verification code to unlock the form below