Skip to content

7:50 am Chair’s Opening Remarks

Electronics: Keeping Pace with the Automotive Revolution

8:00 am Keynote: Parameters for Designing a Robust Cost Model for the Vehicle of the Future

  • Jose Casen Global Manager of Cost Engineering, Volvo


Examining the transforming landscape of the automotive industry: electric
vehicles, autonomous cars, and more
• Debating the roadmap for cost engineering – how will the cost structure of
vehicles change moving forwards?
• Exploring steps to take as an industry to move costing models further towards the
“vehicle of the future”

8:40 am Costing for Electronics: Building Cost Models & Breakdowns to Cater for a Changing Industry Landscape


• Quantifying the impact of electronic components on total vehicle costs – in light
of autonomous and electric drive vehicles
• Revealing how to determine an accurate estimate for electronic components:
how can we minimise the risk of paying for price, rather than cost?
• Investigating the potential of the application of technology for enhancing your
costing for electronics

9:20 am Shaping the Future: AI for Predictive Costing


• A changing environment and new technologies require and allow us to look at
product costing in a new way
• To become relevant, Artificial Intelligence needs to fulfil requirements and
overcome barriers
• This will allow us to achieve existing tasks in a more efficient way and to come up
with innovative solutions which previously were unfeasible or even unthinkable

9:50 am Speed Networking & Morning Refreshments

Supply Chain Management

10:50 am Establishing Partnerships with Suppliers to Achieve Optimal Costing Supply-Base Wide


• Investigating current resistance to supplier partnerships: what is preventing the
industry from forming long term relationships?
• Debating the positives and negatives of longer-term agreements with suppliers,
such as lifecycle agreements: can these set ups be beneficial, and how can we
minimise their risks?
• Determining the optimal time to involve suppliers in the product development
process: if long term relationships are to be established, when and how is the best
time to do it?

11:30 am Breakout Part One: Tiers to Discuss Challenges & Desires


Attendees will split based on their company type, with OEMs, Tier 1s, and lower
tier suppliers each holding their own working groups. Each group will note
down their key challenges in interacting with organisations at other tiers of the
supply chain, and suggested actions that could improve working relationships,
transparency and overall process.

12:10 pm Networking Lunch

1:10 pm Breakout Part Two: Sharing Perspectives on Industry Relationships


• Representatives from each working group will report back to the room,
summarising their findings from the earlier Part One. The audience can then
discuss shared perspectives as a group, so as to better understand collective
challenges and share ideas on how they can be overcome.

Developing Internal Relationships

1:50 pm Panel Discussion: Magna Powertrain’s Perspective on Cost Management

  • Simon Schadeck Senior Manager Cost Planning & Analysis - Europe, Magna Powertrain
  • Ramazan Kocak Senior Manager - Target Costing, Magna Powertrain


Hear from representatives from Magna’s Target Costing and Cost Planning
& Analysis team, providing insight in an interactive panel discussion on cost
engineering throughout their organisation and the wider industry

2:30 pm Afternoon Refreshments

3:00 pm Investigating Relationships Between Engineering & Purchasing: How to Reduce Barriers for Better Efficiency


Assessing the impact of less than optimal relationships between engineering and
purchasing on the product design process: estimating without complete designs,
slow feedback, and inaccurate target costing
• Distinguishing the causes for barriers to internal relationships: is it possible to
better align motives to further prioritise cost business-wide?
• Hearing examples of best practice when negotiating internally and interacting
with different business functions: how to integrate a better costing process into
the company structure

3:40 pm Dissecting the Target Process: How Cost Estimates Can Influence Targets Through Effective Internal Collaboration


• Exploring the methods used to set targets: should they be achievable, or
• Discussing how cost engineers can better work with purchasing to set target costs
and ensure they are utilized effectively
• Revealing success stories in internal collaboration in target setting, and how to
apply them to your work

4:20 pm Chair’s Closing Remarks

4:30 pm Networking Reception Hosted exclusively by FACTON