RAILWAY Supplier Summit 2023

On 16 and 17 May 2023, the RAILWAY Supplier Summit premiered in Düsseldorf. For the first time, the Berlin Institute Supply Chain Management invited representatives of leading railway companies and suppliers to share their insights on current challenges, solutions, and trends. The event focused on the digital transformation of the rail sector and the advancing electrification of rail transport.

4cost joined the event as a sponsor and exhibitor to showcase its software and service solutions for transparent cost management. “On site, we demonstrated how companies can gain decisive competitive advantages in the transforming mobility market by using professional costing software,” says Raphael Schlup, Value Engineer at 4cost.

Joachim Schöffer (Managing Partner, 4cost)

Over two days, the RAILWAY Supplier Summit featured exciting keynotes from companies such as Deutsche Bahn, Siemens, Skoda, Knorr-Bremse, Alstom and Schaeffler. The speakers shared interesting insights into their corporate strategies for quality, sustainability, and the mobility of the future. "All these topics and innovations have to be analysed and evaluated in terms of costs in advance to ensure that companies not only grow but also remain profitable in the long term," explains Joachim Schöffer, managing partner of 4cost GmbH. "For this purpose, we offer a portfolio of suitable tools consisting of costing software and value engineering."

On the second day of the event, Joachim Schöffer moderated a panel discussion on the topic of "Sustainability through digital innovation - Where are the limits? The panellists were Guido Lemeire (Industry Leader National Critical Infrastructure Western Europe, Microsoft) and Huschke Diekmann (Managing Director, Konux). In addition to the status quo and specific plans, the potential use of artificial intelligence (AI) was discussed.

F.l.t.r.: Joachim Schöffer (Managing Partner, 4cost), Guido Lemeire (Industry Leader National Critical Infrastructure Western Europe, Microsoft) and Huschke Diekmann (Managing Director, Konux)

"Participating in the RAILWAY Supplier Summit 2023 was an excellent opportunity for us to network with industry leaders, attract new prospects and present our innovative solutions. We are looking forward to the upcoming projects that will result from the contacts we made," concludes Mr Schöffer.

The 4cost team would like to thank the host and the participants for the top-class exchange. We look forward to being part of the event again next year.