Seagate Chooses MTI Systems Costimator

MTI Systems, Inc., a provider of product cost management software and services, announced that Seagate Technology LLC will leverage its Costimator software to cost estimate, manage and drive down production costs Seagate’s numerous product lines.

Seagate, in HDD drives and storage solutions, designs, builds and supports digital content used by friends, family and businesses WW. Seagate offers a portfolio of HDD drives, SSDs and solid-state hybrid drives. In addition, the company offers a line of retail storage products for consumers and SMBs, along with data-recovery services for any brand of HDD and digital media type.

Costimator helps OEMs implement effective product cost management strategies by breaking down and quantifying the true costs of manufactured parts and products. This information is then used by engineering to make cost effective design decisions and procurement as cost benchmarks for negotiating with suppliers.

“The software allows design engineers and purchasing professionals to identify and understand the cost drivers associated with the parts they design and procure, enabling them to plan and implement uniform and predictable costing strategies,” comments David LaJoie, VP product development, MTI Systems. “This is a critical supply chain strategy in today’s highly competitive marketplace.“