These solutions will cover industry domains such as aerospace, industrial, energy and automotive.
“Through this alliance, Galorath and Mahindra Satyam will complement each other's strengths to provide ‘Should Costing’ – approximation of contract pricing and consulting solutions to customers, based upon the estimation strengths within the 'SEER for Manufacturing' solution,” Mahindra Satyam said in a statement.
The company hopes the latest tie-up will enable the Indian IT major to leverage the growing market for Should Costing solutions.
President and CEO Dan Galorath said Mahindra Satyam possesses highly qualified employees who are extremely capable in performing Should Cost estimating services.
Should Costing is a systematic methodology for cost modelling and benchmarking which brings in required transparency in the cost structure of a product. It enables a manufacturer to investigate cost optimisation through an efficient supply chain, manufacturing processes and assembly techniques.
Companies have been known to cut their budgets by 20-30 per cent through this innovative technique.
Mahindra Satyam had recently also enhanced its current relationship with security software maker Symantec Corp. to collaborate on security solutions for smart grid.
The two companies plan to work together to jointly improve smart grid network security, which will also enhance Mahindra Satyam's ability to deliver secure and effective smart grid services to utilities globally.
Smart grid refers to an improved electricity supply chain that runs from a major power plant all the way inside to consumer homes.