aPriori, Inc., today announced that its enterprise product cost management software platform has been selected as a finalist in the Big Data and Analytics Innovation category for the MITX What's Next Awards. Other finalists in the category include Akamai Technologies, Involution Studios, Prelert, Inc. and Wordstream.
Since 1996 the MITX Award shows have grown to become the largest and most prestigious awards competitions in the country for marketing innovations, celebrating the best creative and technological accomplishments emerging from New England. This year MITX combined its annual Innovation and Interactive Awards into a single show recognizing Boston's entire digital ecosystem.
"The finalists that emerged from an unprecedented number of submissions received for this year's MITX What's Next Awards demonstrate the creativity and innovation of our region's rich digital ecosystem," says MITX Board Member and Communispace Chief Operating Officer Howard Kogan, who serves as Chairman of the Awards Advisory Committee. "From startups to large corporations and everything in between, the individuals behind this work continue to raise the bar for the entire digital community."
aPriori's enterprise product cost management solution provides
engineering, design, value engineering and sourcing professionals in
discrete manufacturing organizations with accurate, detailed product
cost information in real-time throughout the entire product development
and production process. aPriori features multiple methods to generate
fast, accurate cost estimates. Individuals that are not costing experts
can leverage a 3-D computer-aided design file to automate the
generation of cost inputs and take advantage of intelligent, automated
cost models that determine feasible manufacturing methods and product
costs. Advanced cost or manufacturing engineers can leverage aPriori's
User Guided Costing process modules to generate detailed cost estimates
when no CAD model is available. The software also enables users to
leverage product cost data hosted in other enterprise applications to
communicate product cost information between all functional
organizations involved in product definition and delivery. This
includes the import of complex engineering Bills of Materials (BOMs)
from ERP, PLM or other enterprise applications.
As a result of using aPriori, manufacturers can identify quantifiable
savings in material, tooling, labor and overhead while evaluating
alternative designs, processes and sources. This drives significant
costs out of their products prior to production, reducing Cost of Goods
Sold (COGS) by whole percentage points. "We're honored to be recognized
by MITX along with the other finalists in the Big Data and Analytics
Innovations category," said Stephanie Feraday, president and CEO at
aPriori. "It validates the outstanding work of our entire team and the
significant value we deliver for our customers."
aPriori will be recognized with the other finalists at a gala awards
ceremony traditionally attended by over 1,000 of the region's top
interactive marketing and technology professionals. Winners will be
announced at a ceremony at the Westin Waterfront Hotel on May 29th.
The 2014 MITX Awards are sponsored by: HavasMedia, Miller systems, PwC,
tripadvisor, Bingham, Cassidy Turley, SapientNitro, Atom Group
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