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

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

Adopt a Carrier Group Battle Strategy for Product Cost Management I was recently watching a classic WWII movie about the Battle of Midway.