We know that many of our customers struggle with calculating future product costs. And it’s not surprising, because products that are designed and made in the digital age are becoming increasingly complex. The greater the complexity, the more challenging it is to estimate costs.
In today’s fast-evolving market, companies are facing increasing pressure to provide innovative, customer-driven products and quotations at competitive prices. A lack of visibility into early product costs hurts profitability downstream.
Are you, like many organizations, still trying to estimate product costs using Excel spreadsheets? Well, SAP Product Lifecycle Costing offers a sophisticated way of simulating your future product costs at an early stage, enabling you to optimize your mid-term financial planning and supply chain. You can use SAP Product Lifecycle Costing to calculate costs and other dimensions for new products or quotations at an early stage in the product lifecycle, to quickly identify cost drivers along the lifecycle and easily simulate and compare alternatives. In this course, we’ll cover all the essentials of SAP Product Lifecycle Costing, including use cases, all capabilities, brand new features, business processes, and best practices on implementation. You’ll learn more about how to use SAP Product Lifecycle Costing, about the different use cases, and where to use it in which stage of your business process. You’ll learn how to create calculations, use master data, and how to create your own reports and simulations. In addition, you’ll see how to easily enhance the tool and gain insights into SAP’s plans for future releases.
Access to a free system will enable you to practice what you’ve learned during the course.
Week 1: Introducing SAP Product Lifecycle Costing
Week 2: Basic Tool Functions Part I
Week 3: Basic Tool Functions Part II
Week 4: Advanced Capabilities & Extensibility
Bonus Week: Next Steps with SAP Product Lifecycle Costing
Week 5: Final Exam
There are no formal requirements for this course.
A free trial system will be made available to enrolled learners. We’ll provide information on how to access the system at the start of the course.
This course was rated with 4.37 stars in average from 404 votes.
Find out more in the certificate guidelines.
Petra Koepfer-Behncke is Chief Solution Owner for SAP Product Lifecycle Costing, focusing on the SAP product costing as well as on all engineering-related products for research and development and SAP Product Lifecycle Management. She is the global go-to-market director for the product suite of research and development.
Petra has over 20 years of experience in the software industry, in many different roles mostly in product management and outbound go-to-market. Prior to SAP, Petra worked at a global aerospace and defense company, responsible for implementing SAP project systems at that time.
Daniel is a Research Expert for SAP Innovation Center Network, scouting and evaluating new technology trends for SAP. He has been responsible for the topic of custom fields and formulas in Product Lifecycle Costing for the last 4 years.
During his career at SAP Research, Daniel also acted as an evangelist for Semantic Web technology and ontologies. Further topics of expertise include legal informatics and service science.
Daniel has significant academic footprint with over 50 refereed publications in conference proceedings and journals. He also (co-)authored 3 books. As of 2018, his publications have been cited well over 3000 times.
Katarzyna Maciak is a Product Manager for SAP Product Lifecycle Costing, focusing on go-to-market activities. Katarzyna has over 17 years of experience in the software industry in different roles, thereof 13 years at SAP.
For the last 4 years, she has been managing products from the portfolio of Innovative Business Solutions Organization, working with the development teams and customers in the Digital Supply Chain area.
Ulf is a Senior High Tech Industry Solution Manager, always looking for the best ways to support his customers in managing their innovation, new product introduction, and procurement processes.
He has contributed significantly to both innovation and go-to-market activities of SAP's portfolio of R&D, procurement, and master data management solutions over the past 20 years, working with a variety of customers in both discrete manufacturing and process manufacturing industries.
Felix is a Business Process Consultant in the field of SAP Product Lifecycle Management, focused on customer implementation Projects .
Felix has over 6 Years of Consulting Experience working with a variety of customers and in the manufacturing industry, mainly with customers in the automotive and industrial machinery & components industries. He has been involved in the development and go-to-market strategy of SAP Product lifecycle costing from its very early stages.
Sebastian is a software developer for innovative business solutions, focusing on frontend development in the SAP Product Lifecycle Costing application.
Sebastian has over 6 years of experience in the software industry. Experiences range from software development in hardware driven embedded systems to SAP technologies such as UI5.
Marion Heidenreich is Senior Solution Manager in SAP’s Industrial Machinery & Components Industry Business Unit, focusing on go-to-market activities and product innovation to drive end-to-end industry solutions.
Marion has 20 years of experience in the software industry, in many different roles mostly in business development and solution management, working with a variety of customers in the manufacturing industries.
Bastian is a supporting member of the product management team for SAP Product Lifecycle Costing. He is also studying for a master’s degree in Global Business Management.