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How to Conduct a Spend Analysis: Methodology in Detail

Abe Chaves | February 26, 2020 , ,

Conducting a spend analysis is an essential cost saving component in any business, but is especially important for manufacturing.  We can’t fully comprehend where our cost saving opportunities are until we understand how we

Cost Drivers in Manufacturing: Managing Complex Interactivity

Karen Gold | January 29, 2020

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

How to Set and Achieve Cost Targets to Increase Profitability

Abe Chaves | January 10, 2020

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

What is Design to Cost? An Overview with Examples

Dave McDermaid | December 4, 2019

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

How to Use Fact-Based Negotiation to Get the Best Price on Existing Components

Abe Chaves | November 6, 2019 , ,

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

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