SAP Product Lifecycle Costing (SAP PLC)

Name: leverX Company
Brand: LeverX
Rating: 4.9 (114 reviews)

Quickly and precisely calculate costs and other dimensions for products and quotes early in the development process.

Collaborating with an SAP Gold Partner provides access to resources and seasoned professionals, ensuring your project's reliability. Their expertise tailors SAP solutions for your unique needs, optimizing ROI and efficiency.

Partnering with an SAP Global Strategic Supplier goes beyond buyer-seller dynamics. They provide critical solutions for global operations, collaborate on product development, and drive strategic initiatives.

LeverX is a certified partner of the SAP Center of Expertise. This accreditation ensures our unwavering commitment to upholding SAP's highest standards. Our mission is to deliver excellence, providing unparalleled support, and facilitating the seamless integration of SAP solutions into your business framework.

Such companies help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. They leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

SAP Product Lifecycle Costing is an SAP solution used to calculate product costs given the features of each production stage. With SAP PLC, you can simulate and compare alternatives to gain better visibility and control throughout the product lifecycle.

With this solution, you can minimize future risks and improve your profit margins. SAP PLC works with structured (BOMs, routings, etc.) and unstructured data (custom formula, variable units, text items, etc.). It helps companies structure and standardize company-wide cost calculation according to common criteria in a unified format.

SAP PLC can be deployed on-site or via cloud; it can be used as a stand-alone solution or integrated with your existing solution landscape.

Preliminary cost estimates

Create a pricing structure and prepare preliminary cost estimates without detailed information such as master data or prices.

Quotation costing

Estimate costs for unique and complex customer products given different price determination strategies and compare the original quote with the revision.

Lifecycle costing

Evaluate and optimize costs during each production phase throughout the manufacturing process, from the production start to product distribution. To reach maximum profitability, you can create different calculation versions.

Better decision making

The SAP PLC solution includes a “what-if” simulation scenario to help you make the most favorable product costing decisions for the entire lifecycle of your products.

Data categorization

Categorize and easily identify calculations and various calculation versions using the folders, statuses, and tags. You can also integrate this solution with enterprise and Microsoft Excel software to import data and structures, such as BOMs, routings, and standard prices.

Faster time to market

Accelerate research and development processes with better business insights through a single reporting and analysis interface.

Import the pricing structure from any data source or its manual creation

Automatically determine the price according to a defined strategy

Create an initial basis on the first cost estimate calculated and saved

Simulate/create further cost estimate versions with up-to-date price information

Leverage the power of SAP Product Lifecycle Costing with a trusted vendor

Proven track record

For over 20 years, we have helped businesses worldwide succeed with SAP. We’ve already completed 950+ projects for over 800 clients, including top names on the Fortune 500 list.

Industry experts

The LeverX team comprises professionals with hands-on knowledge in 30+ industries, including manufacturing, logistics, and oil  and gas.

SAP partnership

We implement SAP projects end-to-end  and collaborate with SAP on the development and enhancement of its existing solutions.

Quality and security track record

LeverX operates in compliance with international standards such as ISO 9001, ISO 27001, ISO 22301, and ISO 55001, ensuring reliability and quality in every project.

Investment in innovation

We actively integrate advanced technologies, such as Data Science, IoT, AI, Big Data, Blockchain, and others, to help clients efficiently address their business challenges.

Flexibility

Our team is available 24/7, which enables us to quickly deploy projects, maintain process transparency, and adapt each development phase to meet your specific requirements.

Implementation Roadmap

We follow the SAP Activate methodology, which breaks down the implementation of SAP Product Lifecycle Costing into six essential stages:

Current Processes Evaluation: Assess existing business processes and identify the organization's needs.
Defining Technical Requirements: Create a detailed specification of the functional and technical needs of the new system.

Discover

Setting Goals and Objectives: Establish and agree on the goals to be achieved throughout the project.
Assembling the Project Team: Appoint team members and define their roles and responsibilities.
Project Plan Development: Create a comprehensive plan that outlines project phases, timelines, resources, and key performance indicators.
Budget Determination: Estimate and approve the budget.
Specifications Preparation: Develop the technical and functional specifications for the development team.

Prepare

Ensuring Business Requirements are Met: Check that SAP PLC aligns with business requirements and project objectives.
Data Validation: Verify the accuracy and compliance of the data.

Explore

Data Migration: Transfer data from existing systems to the new one.
System Configuration: Set up the solution according to requirements and specifications.
Customization: Develop additional features and modules, if the standard solution does not meet all needs.
Integrations: Configure SAP PLC to work with other IT systems and applications.

Realize

Testing: Perform functional, integration, regression, and load testing to ensure that all works correctly.
User Training: Organize sessions to help users become familiar with the new system.

Deploy

System Readiness Check: Verify that the system is ready for operational use.
Launch: Officially transition to active use of SAP PLC.
Ongoing Support: Continuously monitor solution performance to identify and resolve any issues.

Run

FAQ

What is SAP Product Lifecycle Costing (PLC)?

SAP PLC is a solution that helps optimize cost estimation and management throughout the product lifecycle, from initial design to production and distribution.

Who should use SAP PLC?

SAP PLC capabilities suit businesses in manufacturing, automotive, and high-tech industries where cost estimation and control are crucial for profitability.

How does SAP PLC help with cost management?

SAP PLC provides detailed cost breakdowns for each stage of a product’s lifecycle, allowing businesses to identify cost-saving opportunities early.

Does SAP PLC support real-time cost tracking?

Yes, SAP PLC provides real-time insights into product costs to help teams make data-driven decisions during product development.

1

An expert will reach out to you to discuss your specific migration needs and requirements.
2

We'll sign an NDA to ensure any sensitive information is kept secure and confidential.
3

We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.