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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


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.


Should Cost Estimators: Feel Like Your Ship is Sinking?

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


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