Product Cost Reduction
How to Develop a Culture of Cost and Institutionalize Product Cost Savings to Give Your Company the Ultimate Edge
Description:... In a world of cut-throat competition and razor-thin profit margins, product cost can either be the nail in the coffin, or the feather in the cap. A company lucky enough to employ talented designers, efficient manufacturers, and phenomenal salesmen still has ZERO chance of success if they lack expertise in product cost management. This book demystifies what makes up product cost, and some of the hidden factors that can influence it. For both the individual contributor, as well as the leader, we provide detailed instructions on how to go about investigating and discovering product cost reduction opportunities. Decades of experience in product development and cost reduction activities have been used to create tools and methods for unlocking the profits your company needs. We cover specific methods for finding ideas, how to prioritize the projects that are developed, and how to institutionalize this process as a continuous improvement activity. Common pitfalls, practical examples, and numerous case studies are used to launch the reader into next-level product cost expertise. Put yourself and your company in a position to accelerate past your competition by developing the understanding, tools, and culture of sustainable product cost reductions.
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