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!
Sound Familiar?
You need to reduce the cost of your products to remain competitive, but...
You have a limited understanding of what drives cost.
It is not clear who is responsible for cost.
Costs at your facility are highly cyclical
Your products are complex and it is hard to know where to start.
You have limited resources to dedicate to cost reduction.
It is not obvious which products to start with.
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!
New Features Add Value to the Customer
It has No Major Marketing Complications Upon Release.
It has a Positive Impact on Warranty.
INTRODUCING
Managing Product Cost As A Team
Developed for all functions involved in product development:
Business Leadership
Sourcing Managers
Engineers
Project Managers
Operations Managers
Sales Managers
What's Included in the Course?
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.
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!
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 a List of Products.
Evaluated Producing the Product in a Low-Cost Country.
Worked with a Partner In the Low-Cost 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
Basic
$39
One Time
(16) Video Tutorials
(12) Downloadable Files
(3) Inline Quizzes
3 PDH
Certificate of Completion
Advanced
$99
One Time
(16) Video Tutorials
(12) Downloadable Files
(3) Inline Quizzes
3 PDH
Certificate of Completion
(1) Hour of One-on-One Consulting
Team
Consult
Full Team
Educate Your Team
(16) Video Tutorials
(12) Downloadable Files
(3) Inline Quizzes
3 PDH per student
Certificate of Completion
Track Team Progress
(1) Moderator Seat
FAQ
The course materials were developed in a number of industries and adapted to suit a wide range of products and sub-systems. All companies producing physical products will benefit from these course materials.
All courses offered by productcost.com have a 60-day no-questions-asked money back guarantee. Send us an email at info@productcost.com to initiate the return.
Everyone completing the course will be issued a certificate with the number of professional development hours (3 PDH) noted.
This course was developed for all functions involved in product development including:
Procurement
Engineering
Operations
Business Leadership
Sales
Marketing
The objective of this course is to provide you with practical information that you can immediately put to use to reduce the cost of your products in your organization.
In consultation with fellow team members, you should be able to implement and succeed with the methods presented in this course. These methods have been proven at a number of companies in different situations.
Stay Updated
Subscribe to our newsletter