Manufacturers are under more competitive pressure than ever before to adopt robust design-stage cost management practices like Design-to-Cost. Traditionally, engineers have been asked to deliver designs that met a cost target but were not

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

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

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