Is it a Challenge to Reduce the Cost of Your Products?
Learn how to tap into your organization to reduce product cost without sacrificing performance!
I AM READY!Sound Familiar?
You're need to reduce the cost of your products to remain competitive, but...
- You have a limited understanding of what drives cost into your products.
- It is not clear which functions at your organization are responsible for cost.
- It is difficult to identify which parameters are the largest contributors to cost.
- Your vendors are not willing to work with you to reduce cost.
- Costs at your facility are highly cyclical and vary significantly from month to month.
- Identifying which other countries to source components from is not trivial.
- Your products are complex and it is hard to know where to start reducing cost.
- Cost is contributed at many stages of the product of which you have little knowledge.
- You have limited resources to dedicate to cost reduction initiatives and do not know which products to start with.
- Reducing cost is an ad hoc process in your organization and no guidance has been published to help reduce cost on products.
Reducing the Cost of Products Will Provide Benefit If...
- It can be performed quickly.
- It has no noticeable impact on the customer!
- The Product Is Enhanced with new features benefitting the Customer
- It has No Major Marketing Hurdles Upon Release.
- It has A Positive Impact on Warranty.
What's Included In The Course...
SECTION 2
Exploring the Roots of Product Cost.
Dive into a dynamic exploration of cost control, empowering your team to optimize resources with strategic financial know-how!
- Cost Driver Discovery: Uncover key sources of cost — materials, labor, overhead.
- Labor Cost Deep Dive: Examine a system’s cost breakdown, highlighting labor’s lead role to streamline expenses.
- Fixed vs. Variable Cost Breakdown: Identify fixed costs versus variable costs to better manage cost categories.
Equip your team with cost-savvy insights to define lean products.
SECTION 3
Strategic Sourcing and Design for Growth.
Launch into a game-changing exploration of strategic decisions, empowering your team to build powerful partnerships and streamline part strategies for success including:
- Vendor-to-Partner Evolution: Transform vendors into collaborative allies, seamlessly extending your organization for efficiency and innovation.
- Smart Global Vendor Choices: Evaluate countries for vendors using diverse criteria beyond labor costs to ensure strategic alignment.
- Process-Centric Cost Control: Grasp how manufacturing processes drive part costs, enhancing design and sourcing decisions.
- Make vs Buy Edge: Shape make-or-buy decisions to sculpt your organization’s structure for lasting success.
Empower your team to make bold, strategic moves, building a cost-savvy, innovation-driven organization!
SECTION 4
Optimize Products with Continuous Cost Innovation.
Launch into a powerful exploration of cost reduction, arming your team to achieve savings and elevate organizational success!
- Identify Best Cost Reduction Targets: Pinpoint scenarios where cost cuts yield major benefits, focusing resources for high impact.
- Quick Win Strategies: Focus on low-hanging fruit for fast, impactful savings that boost your organization instantly.
- Ongoing Cost Innovation: Develop processes to continuously uncover and pursue cost-saving opportunities.
Empower your team to drive cost efficiency, building a future-ready organization with smart, sustainable strategies!
50% Cost Reduction
- Identified this Product As An Excellent Candidate from List of Products.
- Evaluated Producing the Product in a Low-Cost-Country.
- Worked with a Partner In the Selected Country to Identify A Suitable Vendor.
- Made Further Savings By Direct Shipping to the Final Destination in the Middle East.
GET STARTED TODAY!
MANAGE PRODUCT COSTS AS A TEAM
