Global competition is introducing a new challenge to price competition. Manufacturers world-wide are exploring methodologies to help reduce the cost of new products. Target costing and design-to-cost provides a comprehensive framework of practices, processes, and tools to help reduce product costs during development and achieve a cost target that will enable planned profit margins.
 
This webinar provides an overview of actions that can be taken in each phase of development:
  • Concept design
  • Assembly design
  • Part design
  • Supply chain design
  • Process design
 
You will hear how companies achieved cost reductions exceeding 50% for many products you may be familiar with.
 
During this webinar, your presenter, Kenneth Crow, will cover:
  • What is target costing and design-to-cost (DTC)
  • How target costing starts with a focus on value during requirements definition
  • Design optimization actions during concept design
  • How design for manufacturing (DFM), with principles such as simplification, standardization, etc., can reduce costs during assembly design
  • How to effectively involve suppliers to reduce the cost of purchased materials
  • Key steps to implement and achieve design-to-cost

 

Seminar Information
Date Presented:
August 13, 2015 11:00 AM Eastern
Length:
1 hour
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Profitability Improvement through
Target Costing and Design-to-Cost
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