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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

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

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