Setting and achieving the right cost target is essential for increasing profit margin wherever possible while staying highly competitive in the marketplace.  Of course, a product’s cost can only be altered so much once

Getting to market quickly with a high-quality product can sometimes come at the expense of a cohesive cost reduction strategy. Hailing an iconic black cab in London has long been considered a safe and

For manufacturers, cost-cutting is an ever-present goal: achieving lower costs while retaining the desired functionality means higher profit margins, more market share, and happier customers. Historically, however, most manufacturers have had to resort to

Conducting fact-based negotiations is an effective cost reduction strategy when sourcing existing components. In this post, I will explain how to leverage a product cost management (PCM) platform to conduct fact-based negotiations and provide

For manufacturers, inadequate cost modeling capabilities can drive serious business problems. Many manufacturers, for instance, are forced to no-bid potentially valuable work solely due to a backlog of cost estimation workflows. Traditional cost estimation

We recently conducted a survey of Industry Week’s and Machine Design’s discrete manufacturing audience. The primary goal of the survey was to better understand product lifecycle trends and their impact on profitability. Many of