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Are You Ensuring Efficient Manufacturing “Should” Costs?

The whole reason companies have procurement organizations and specialized roles such as Sourcing is because finding market-competitive pricing for goods and services is simply not as straight-forward as one might think. A 2015 aPriori


Imagine This! The Future of Manufacturing & Product Cost Management

Michael Doyle | September 29, 2016 ,

Many manufacturing futurists paint a world of smaller, localized factories using additive manufacturing technologies and custom assembly as the norm (with far less reliance on mass production assembly). Much of the custom assembly will


The Real Economic Order Quantity

Traditional Economic Order Quantity Open any Operations Management book or Operational Accounting book and you will see a figure, much like the one below (Fig. 1), used to describe what we have come to


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 to leverage a product cost management (PCM) platform to conduct fact-based negotiations and provide


The Network Effect and its Impact on Product Cost & Cycle Time – Part 3

As we’ve described in our first two installments of this series, in economics and business, the Network Effect is the impact that one user of a good or service has on the value of


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