Portfolio-wide cost optimisation
Analyse thousands of components simultaneously to uncover duplicate parts, supplier consolidation opportunities, cost outliers, and hidden savings potential across the entire portfolio.
PartSpace AI helps cost engineering teams understand what components should cost, why supplier prices differ and where savings opportunities exist across new and existing designs.
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PartSpace powers procurement and cost engineering workflows at leading enterprises, backed by industry certifications and secure cloud infrastructure.
Data-driven cost and value analysis that transforms engineering and procurement insights into measurable manufacturing savings and optimised sourcing processes.
Analyse thousands of components simultaneously to uncover duplicate parts, supplier consolidation opportunities, cost outliers, and hidden savings potential across the entire portfolio.
Generate precise should-cost using your own purchasing history, supplier quotations, engineering and market data and manufacturing knowledge.
Target costs for new designs before sourcing begins and benchmark existing components against historical pricing, similar parts and supplier quotations.
Reduce manual analysis and generate should-cost estimates, benchmarks and cost insights in minutes instead of days for thousands of parts.
Empower engineering and procurement teams with accurate cost analysis, should-cost modeling and cost optimization insights across every component and assembly.
PartSpace AI breaks down the technical and commercial factors that influence part cost from material and geometry to tolerances, machining complexity, surface requirements, batch size and supplier capability.
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Automated cost and value analysis and supplier benchmarking instantly for thousands of parts with 2D and 3D technical drawings.
Data Connection
Start with the data you already have. We integrate technical and business information from your core systems of record (ERP, PLM, SRM, and CRM) to create a unified, reliable foundation.
Creating Your Cost Engineering Tool
PartSpace AI extracts geometry and attributes, combining with market data, performs mass calculation and cost-driver analysis and applies NLPP to interpret technical and commercial data across systems. Powered by LLMs, neural networks, machine learning, and regression models, it delivers should-cost , cost breakdown and supplier benchmarking.
Onboarding and Training
Your AI-powered cost and spend analytics software will be fully operational for cost engineers and procurement teams. Supported by an agile implementation team and dedicated customer success managers, you’ll unlock savings across thousands of parts in turning, milling and other manufacturing technologies.
We have been developing PartSpace AI since 2021 to optimise sourcing and manufacturing process for technical components for saving time and money.
Leading manufacturers trust PartSpace AI. Here’s how they describe the impact:
Your data is mission-critical. PartSpace is built on enterprise-grade security, regularly tested and audited by leading independent institutions ensuring uncompromising protection and full compliance at all times.
All data is encrypted in transit.
Hosted on ISO 27001 & SOC 2 certified cloud providers (Azure).
Role-based permissions, MFA (multi-factor authentication), and SSO (Single Sign-On).
Your supplier and cost data are never shared across clients.
Penetration testing and monitoring to identify vulnerabilities before they become risks.
Aligned with GDPR and industry standards to support regulated industries (Aerospace, Medical, Automotive).
See how much you could save
with PartSpace AI
min. $50,000,000
min. 7,500
*Rough estimate, savings can differ based on your process.
Let’s review your current setup and identify high-impact savings opportunities together.
Let’s review your current setup and identify high-impact savings opportunities together.