CIMdata about addressing the cost of sustainability in product development

Read the CIMdata analyst report on how Teamcenter Product Cost Management and Supply Chain Management enable manufacturers to reduce the cost of sustainability.

As industries strive to reduce carbon emissions, they face the complexity of a global economy that relies on carbon-intensive supply chains. Many sectors still depend on fossil fuel-based energy sources, making decarbonization a critical yet challenging objective. Achieving sustainability goals requires a multifaceted approach: transitioning to renewable energy, enhancing energy efficiency, and minimizing waste throughout the product lifecycle.

To drive meaningful sustainability impact, companies must address emissions within their operations and across their entire supply chain. Further, sustainable product development is a crucial lever for an organization to achieve its ESG goals and thrive in a low-carbon economy. Yet many companies face a variety of internal and external challenges in this area, from cost pressures to technical barriers. We at Siemens provide solutions to overcome these and create a more sustainable approach to product development.

The need for end-to-end cost and sustainability visibility

In the early phases of product development, companies must balance cost efficiency with sustainability performance. However, many organizations lack transparency across the extended enterprise, making it difficult to align design, procurement, logistics, and manufacturing with sustainability objectives.

Achieving sustainability with Siemens integrated solutions

To overcome these barriers, CIMdata recommends companies integrate Siemens’s cutting-edge solutions like Teamcenter Product Cost Management and Supply Chain Management. These solutions provide:

• End-to-end visibility – A comprehensive view of costs and carbon emissions across the entire value chain. Linking a product cost management solution with PLM, ERP, supply chain execution, supply chain optimization, and design-to-source intelligence solutions provides a unified view of design, manufacturing, and supply chain activities.
• Data-driven decision-making – Real-time insights enable companies to optimize design choices, reduce emissions, and lower costs. Using an integrated solution to transparently share CO₂e data and costs among designers, engineers, cost and value engineers, program managers, procurement, finance, sales, and upper management—as well as vendors, suppliers, and partners—reduces barriers, increases productivity, and minimizes risk.
• Supply chain transparency – By adopting the shift-left principle, companies can get a comprehensive approach to planning and optimizing logistics networks, managing transportation flows across collaborative networks, and streamlining intralogistics.

Mark Reisig, CIMdata, Executive Consultant and Sustainability Practice Director, states “Companies using PLM to transparently share CO₂e and cost data across their extended enterprise not only reduce product carbon footprints but also foster greater collaboration, boost productivity, and lower risks, building a more resilient business.”

More resources

• Trial: Try Teamcenter Product Cost Management now – 30 days free trial
• Video: How manufacturers can calculate product cost and carbon footprint
• White paper: How to make your logistics the center of the circular economy
• Fact Sheet: The advantage of a SaaS solution to calculate cost and carbon footprint
• Case Study: Automotive supplier BENTELER uses Teamcenter product cost management to calculate costs and carbon footprints
• Webinar: Chasing the dual mission of product cost and carbon emission savings
• White paper: How to strengthen your supply chain