Cost Estimation Software Added to Altair Software Library

TROY — The Altair Partner Alliance has added cost estimation software called LeanCost from the Italian software and lean technology developer Hyperlean s.r.l., the Troy-based engineering technology company announced today.

The company said LeanCost can be used for quick and easy cost estimation of products, processes, single components and assemblies based on automatic feature recognition from 3D models.


Said Margherita Peruzzini, a founding member of Hyperlean: “Cost reduction is something that resonates with every company, no matter what industry vertical they are a part of, which is why we felt the Altair Partner Alliance was a perfect fit for us. This partnership allows us to bring the powerful benefits to a broad array of people with the powerful cost estimation capabilities of LeanCost. We are very excited to start helping these customers evaluate their processes and prepare for the best possible solutions.”

LeanCost provides manufacturing cost estimation in the early design stages to help keep project schedules on track, detecting potential roadblocks and eliminating unexpected expenses. In addition to cost planning, LeanCost is able to define technological parameters of a project and suggest the best production process based on general and specific customer needs. With this information, customers are able to identify and make the necessary changes to optimize a product to achieve and verify the best solution.

“LeanCost aligns perfectly with Altair’s vision of supporting design engineers in achieving the optimal design solution throughout the entire product lifecycle,” said Rocco Cappiello, vice president of engineering analytics at Altair. “Having the capability to estimate cost in the early concept phase helps design for various manufacturing methods, and provides an extensive process knowledge base for cost analysis, even in the absence of in-house process experts. LeanCost provides design teams with the ability to make smart decisions with real time cost feedback and a repeatable estimating process in combination with design of experiment analysis and multi-objective optimization.”

In addition to cost estimation and process analysis, LeanCost includes a standard database of machines and raw materials populated with worldwide data, which have the capability to be customized according to specific customer needs. This provides customers with the power to reduce the overall time for cost estimation, improve the cost control within different departments and to standardize the estimation procedures.

An introductory webinar for LeanCost will be held on Tuesday, May 24 at 9 a.m. and 1 p.m. Easterm time. For more information about Hyperlean, visit http://www.altairhyperworks.com/partner/leancost.

Altair’s HyperWorks platform applies a subscription-based licensing model in which customers use floating licenses to access a broad suite of Altair-developed, as well as third-party, software applications on demand. The Altair Partner Alliance extends the HyperWorks Platform from more than 20 internally developed systems to more than 60 applications with the addition of new partner applications. Customers can invoke these third-party applications at no incremental cost using their existing HyperWorks licenses. For more information about the Altair Partner Alliance, visit http://www.altairhyperworks.com/apa.

Hyperlean is an Italian start-up born in 2010. Its industrial partner is Biesse Group, a machine tool company. Its main product is LeanCost, a CAD-based software platform that simplifies and speeds up the estimation of manufacturing costs from the earliest design stages.

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