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How to Get Lean: Cost Saving Tips for Manufacturers

How can manufacturing companies control costs? From procurement professionals looking to optimize their supply chain, to product makers looking to

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Cost Drivers in Manufacturing: Managing Complex Interactivity

Manufacturers are under more competitive pressure than ever before to adopt robust design-stage cost management practices like Design-to-Cost. Traditionally, engineers

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How to Set and Achieve Cost Targets to Increase Profitability

Setting and achieving the right cost target is essential for increasing profit margin wherever possible while staying highly competitive in

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How This Automotive Engineering Company Developed a Cohesive Cost Reduction Strategy

Getting to market quickly with a high-quality product can sometimes come at the expense of a cohesive cost reduction strategy.

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What is Design to Cost? An Overview with Examples

For manufacturers, cost-cutting is an ever-present goal: achieving lower costs while retaining the desired functionality means higher profit margins, more

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

Conducting fact-based negotiations is an effective cost reduction strategy when sourcing existing components. In this post, I will explain how

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What to Look for in Manufacturing Costing Software

For manufacturers, inadequate cost modeling capabilities can drive serious business problems. Many manufacturers, for instance, are forced to no-bid potentially

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Six Key Trends and Takeaways that Affect Profitability and Time to Market

We recently conducted a survey of Industry Week’s and Machine Design’s discrete manufacturing audience. The primary goal of the survey

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Manufacturing_Costing_Software

What to Look for in Manufacturing Costing Software
Steven Peck | October 22, 2019

For manufacturers, inadequate cost modeling capabilities can drive serious business problems. Many manufacturers, for instance, are forced to no-bid potentially valuable work solely due to a backlog of cost estimation workflows. Traditional cost estimation

should_cost_estimators

Should Cost Estimators: Feel Like Your Ship is Sinking?
Rick Burke | May 18, 2017 , , ,

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

design_to_cost

[Video] Learn How to Improve Your Design-to-Cost Strategy
Rick Burke | May 4, 2017 , , , , ,

Featuring Spirit Aerosystems Spirit AeroSystems [NYSE: SPR] designs and builds large aerostructures, including fuselages, pylons, nacelles and wing components, for both commercial and defense programs.  Spirit is a leading aerostructures supplier to both Airbus

Product Cost Management is a Team Sport
Rick Burke | December 22, 2016 , , ,

Introduction Over the past few months, aPriori has had the privilege of working with Stan Przybylinski, Vice President of Research at CIMdata, to document the current state of the product cost management software market.  

costing_system

Creating a Cost Classification System
Michael Doyle | November 9, 2016 , , , ,

The nature of product development is that details about components emerge … evolve … and solidify over time. A component may start out as a concept sketch with rough dimensional information. Over time that

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