Circor Successfully Implements a Cost Reduction Strategy
Even best-in-class manufacturing companies can miss their cost targets when launching new products. Design changes can often lead to costly rework and part sourcing costs can wildly fluctuate based on changing market conditions. You must ensure that high quality products are delivered, but in a cost structure that makes sense.
CIRCOR (NYSE: CIR) designs, develops, manufactures and sells flow control products and solutions into Energy (Oil & Gas) and Advanced Flow Solution (aerospace, power, process and industry) markets.
Over the past 2 years, the Oil & Gas market has experienced extreme pricing pressure. No longer can companies sell their products based on a future value proposition or the brand reputation of the company – cost is everything!
In the Case Study video below, Mr. Nick Williams, Vice President of Engineering at CIRCOR shares his real world experience implementing a strategic cost reduction strategy initiative within an Engineer-to-Order (ETO) and Assembly-to-Order (ATO) environment using aPriori Technologies Cost Insight product cost management (PCM) platform.
The video below is a short 7 minute excerpt of the complete Case Study presentation.
To hear the entire presentation, check out this Industry Week On Demand Webinar.
CHECK OUT THE case study on THIS ON DEMAND WEBINAR.
Hear Nick Williams review his Keys to Success Deploying a Strategic Product Cost Management iniative in a global engineering and manufacturing company. The webinar will cover the following topics:
- Introduction to CIRCOR
- Product Costing Challenges to be Addressed
- Business Case Creation
- Securing Executive Management Support
- PCM Partner Selection
- PCM Deployment Planning
- Lessons Learned
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