How to Set and Achieve Cost Targets to Increase Profitability
Setting and achieving the right cost target is essential for increasing profit margin wherever possible while staying highly competitive in
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How This Automotive Engineering Company Developed a Cohesive Cost Reduction Strategy
Getting to market quickly with a high-quality product can sometimes come at the expense of a cohesive cost reduction strategy.
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What is Design to Cost? An Overview with Examples
For manufacturers, cost-cutting is an ever-present goal: achieving lower costs while retaining the desired functionality means higher profit margins, more
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How to Use Fact-Based Negotiation to Get the Best Price on Existing Components
Conducting fact-based negotiations is an effective cost reduction strategy when sourcing existing components. In this post, I will explain how
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What to Look for in Manufacturing Costing Software
For manufacturers, inadequate cost modeling capabilities can drive serious business problems. Many manufacturers, for instance, are forced to no-bid potentially
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Six Key Trends and Takeaways that Affect Profitability and Time to Market
We recently conducted a survey of Industry Week’s and Machine Design’s discrete manufacturing audience. The primary goal of the survey
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