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Maxager Technology Announces Maxager 7.3

Manufacturing News, Source : The Manufacturer US
Published : 30 Oct 2006 19:54

San Francisco, Calif., October 24, 2006 — Maxager Technology, the provider of velocity-driven enterprise profit optimization solutions, has released Maxager 7.3.

Building on its “profit-per-minute” approach, version 7.3’s new cost modeling capabilities provide manufacturers even greater control over profits and return on assets by enabling them to predict the impact of cost component changes and analyze in great detail the cost-to-serve any customer or market.

“Maxager solved the extremely difficult challenge of integrating production velocity data and margin information some time ago,” said Michael Rothschild, Founder and CEO of Maxager. “Now with the introduction of our advanced cost modeling capability, our customers can gain an even more detailed view into the true sources of their profitability. Our advances in cost modeling will allow our customers to make better decisions and exert even greater control over their bottom line.”

Maxager 7.3 allows an unlimited number of cost components, both variable and fixed, to be interactively modeled for specific products, customers, markets, salespeople, and production facilities. Fast, precise cost modeling enables customers to gain even tighter control over the profitability of individual products, customers, deals, markets, regions, sales teams, and production facilities.

“Achieving precise visibility into profitability is no easy task,” added Rothschild. “Companies looking to use the profit-per-minute approach can either take the long road of in-house development — which requires both technology and profit-per-minute domain expertise — or use an existing commercial solution. Companies such as Dow Chemical and Owens-Illinois have chosen to go with Maxager as they want to reap the benefits of a profit-per-minute approach now.”

Manufacturers using the profit-per-minute approach are able to stop profit leakage worth 3-5% of revenue. For a $1 billion revenue company, this is equal to an extra $500,000 to $1 million per week on the bottom line.

Additional features in Maxager 7.3 include:

• Expanded variance analysis and drill-down capability

• New report and chart types

• Enhanced security options

• Multiple currency and unit of measure capability

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