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Five Steps to Turbo-Charge Cost Reduction Negotiations With Your Supplier

Brian Driscoll | March 28, 2018

You know that discussion with your supplier about pricing you’ve been meaning to have? It’s time. In fact, it’s past time. Cost reductions won’t happen on their own. Conducting a spend analysis leveraging should


Circor Successfully Implements a Cost Reduction Strategy

Even best-in-class manufacturing companies can miss their cost targets when launching new products.


Integrating Cost Analysis into Simulation-Driven Design

SIMULIA Great Lakes Region – User Group Meeting Simulation software has been helping engineering analysts identify potential performance problems in product designs for many years.  Recent technology advancements in this field have concentrated on


Honeywell Aerospace Boosts Savings with Early Visibility to Product Cost

Cross Functional Team Collaboration Drives Product Cost Savings Early visibility to product cost drivers helps companies eliminate problems before they become extremely expensive to fix.  This was the conclusion of the team at Honeywell


How to Conduct a Spend Analysis: Methodology in Detail

Abe Chaves | July 23, 2015 ,

    If you read my post about how sourcing managers can meet cost reduction goals by conducting a spend analysis, you have at least a basic understanding of our spend analysis methodology. In


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