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 need to reduce the cost of your products to remain competitive, but...
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You have a limited understanding of what drives cost.
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It is not clear who is responsible for cost.
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Costs at your facility are highly cyclical
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Your products are complex and it is hard to know where to start.
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You have limited resources to dedicate to cost reduction.
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It is not obvious which products to start with.
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There is no published guidance.
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
