DASSAULT SYSTÈMES DEVELOPED A NEW DATA SCIENCE SOLUTION TO ALLOW RENAULT GROUP TO OPTIMIZE VEHICLE COSTS

Dassault Systèmes announced that Renault Group is leveraging the data science capabilities of Dassault Systèmes’ 3DEXPERIENCE platform to understand the increase of raw material prices and model the most relevant optimization scenarios to reduce the impact on vehicle production costs.

The deployment of a cost intelligence solution extends Renault Group’s use of the 3DEXPERIENCE platform on the cloud from design and engineering to the strategic business functions of costing and purchasing, enabling these new users to contribute to the car manufacturer’s technological and digital transformation.

Competitive automotive manufacturers must balance sustainability with regulatory requirements as well as inflation. Highly volatile raw material prices due to armed conflicts, health crises, climate change, consumer demands and other global factors make it difficult to ensure a return on investment when aligning the price of a vehicle with the cost of its parts.

In this challenging economic context, the 3DEXPERIENCE platform provides Renault Group with a unique combination of artificial intelligence, machine learning, collaborative business processes and an enriched single 3D data model of the vehicle to better manage the business impacts of market volatility.

Renault Group is using the “Global Modular Architecture” industry solution experience based on the 3DEXPERIENCE platform, which integrates the cost intelligence solution.