What we do
Our digitalized measurement solutions powered by proprietary AI engine ArtMind™ analyses the entire product life cycle to help producers meet sustainability and profitability goals of various industries.
LeanCost's solutions are endorsed for EU Product Roadmap Scopes 1, 2, 3 cat 4/5, DPP (MVP-2024, MMP-2025, MMR-2026)
Why Us
Our Experience
Our founding team members applied decades of professional experience in various manufacturing industries to develop a proprietary ArtMind™ AI engine which powers our digital measurement products.
LeanCost's team is made up of experienced engineers who understand the complexities of production and manufacturing. We also retain a panel of advisors to gain insight into the intricacies of different industries.
We have what it takes to help your business maximize profit and achieve sustainability goals.
Our Approach
Our solution is a suite of specialized software (SmartCost™, SmartCarbon™, SmartProcess™ and SmartCarbonPro™), powered by our proprietary ArtMind™ AI engine.
ArtMind™ possesses the analytical ability of industrial consulting, cutting through data noise to present information that truly matters.
Our engagement methodology guarantees no production downtime.
The implementation process is seamlessly compatible with most production assets to collect data for accurate analysis and audit.
Our service includes a comprehensive consult to help identify data sources, a comprehensive report that includes a project plan with timelines and milestones, a cost analysis, and a schedule.
Products
SmartCost™
Real-time Product Cost reporting
Pareto of Problems at machine levels
Provide ROI potential of problems
Tips on tools for solving problems
SmartCarbon™
Scope1 and 2 Product Carbon Footprint reporting
See emissions at each product/machine
Track emissions reduction for Green Investments
SmartProcess™
All abilities of SmartCost™, plus additional functions:
Differentiate energy wastages (Green/Brown)
Different material wastages (Green/Brown)
SmartCarbonPro™
All abilities of SmartCarbon™, plus additional functions:
Scope 3 Cat 4 Incoming and outgoing freight footprint
Scope 3 Cat 5 Waste & Recycling Management footprint
Footprint details registered in DPP (Digital Product Passport)
Targeted Industries
Manufacturing
Logistics
Waste / Recycling
Waste / Recycling
Newsletter
Upcoming Carbon Reporting Requirement for Exporters
EU - June 2024
https://taxation-customs.ec.europa.eu/carbon-border-adjustment-mechanism_en
USA - Pending legislation
https://www.congress.gov/bill/118th-congress/senate-bill/3422/text
Australia/NZ - Pending legislation
https://moulislegal.com/knowledge-centre/australia-s-green-tariff-on-carbon-a-new-dumping-ground/
Canada - Talks underway
ITEA 4 Project 22010 RCFPEP
Singapore Team Leads International Consortium on Sustainability Measurement Project
Consortium consisting of 16 partners applied to their respective countries' National Funding agencies for project funding after 9 months of project documentation and preparations. A Project Co-operation Agreement will be signed once the Consortium starts its collaboration work.
Project Description: The production and transportation of goods are two major contributors of greenhouse gases (GHG). For green production to move ahead, there is a basic need for unified, comparable, and easy-to-use emissions data. RCFPEP aims to create a tamper-proof, real-time digitalized product carbon footprint measurement tool, covering the manufacturing processes, its first-tier suppliers' freight transportation of in-bound raw materials, the transportation of out-bound finished goods to customers and the management of post-consumer waste generated. It will also reflect on ongoing improvement efforts in the circular economy and lower GHG emissions with such data storable in the Digital Product Passport to help businesses make more sustainable decisions.
Continuing Education For Members of the Institute of Engineers Singapore
LeanCost founder Mr. Moses Tan conducted a 3 hour talk and feedback session with members of the Institute of Engineers to provide updates on new technological innovations taking place in the fast moving area of sustainability, green legislation and carbon measurement technologies affecting every industry.
Low Carbon Trend
In light of greater consumer awareness and legislations in the EU and US, manufacturers should be looking out to track their carbon emissions in an effort to conduct business sustainably.
Carbon footprint of a whole equipment or production plant is relatively easy - but it is a different story when that number has to be detailed down to product or process level, automatically and accurately.
LeanCost have the ArtMind™ AI engine to do that easily.
Dated - 5 April 2024
2021 SICC Award For Best Technological Collaboration
LeanCost collaborated with SMT Technology Pte Ltd to deploy a real-time Product Costing and Management software.
The software tracks product costs in real-time, highlighting areas for cost reduction.
See video: https://www.youtube.com/watch?v=jEDwBBo2iSk&t=23s&ab_channel=SingaporeInternationalChamberofCommerce
XPITCH2023
LeanCost is proud to be amongst the Top 100 SMEs in a global pitch competition of 3,000 global SMEs and Startups
Our Partners
In a nutshell...
