Circor Successfully Implements a Cost Reduction Strategy
Over the past few 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 alone, they must also be prepared to compete on costs, a limiting challenge to even best-in-class manufacturers like Circor (NYSE: CIR).
Circor (NYSE: CIR) designs, develops, and manufactures flow control products and solutions into Energy (Oil & Gas), Aerospace & Defense, and Industrial markets.
With facilities across the globe, having a cohesive cost reduction strategy that can span continents was an imperative. Nick Williams, Vice President of Engineering at Circor, realized in order to have the cost impact necessary at such a large scale, he would need to partner with an organization whose tools could accelerate, track, and manage his cost-reduction strategy across the globe.
In the short, 7-minute excerpt video below, Williams shares his 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.
To hear the entire presentation, check out this Industry Week On Demand Webinar.
KEYS TO SUCCESS: DEPLOYING A STRATEGIC PRODUCT COST MANAGEMENT INITIATIVE ON DEMAND WEBINAR.
The webinar, available on demand, will cover Nick Williams’, VP of Engineering at Circor’s approach to a strategic global PCM initiative. In this recording he’ll cover:
- Product Costing Challenges
- Business Case Creation & Securing Executive Management Support
- PCM Partner Selection & Deployment Planning