Cost Optimization Maturity Model
Learn how to build a new capability in a company by developing a maturity model to identify capabilities, steps, and time frames needed to achieve it.
Do You Have High Influence On Your Company’s Product Cost?
Product costs are driven into the product by employees responsible for four key designs that drive COGS. Learn which designs impact product costs the most and how to optimize them for competitiveness.
Huge Cash Flow Improvement Opportunity
Design phase cost optimization can improve cash flow, profit, and company valuation. The C-O-S-T system helps companies remove cost from products early on.
5 Steps to a Continually Improving Cost Reduction and Optimization Capability
Capturing and redeploying knowledge gained from cost optimization activities can prevent reinvention and improve cost reduction efficiency. Establishing a company-wide process is simple but requires effective leadership and communication.
Clearly Defined Product Requirements are Valuable to a Product’s Design
Product requirements such as specifications, appearance, and regulations are valuable to companies. Defining the "product does" requirements is important as it drives the feature or function in the product design.
40 Places to Remove Cost
Product development teams have various deliverables including appearance, performance, quality, and profitability targets. However, cost and profitability-related deliverables are often not well-managed during projects due to various reasons. Removing 1% of cost during development is valuable and achievable as it results in significant lifetime profit. Knowing costs, sharing them with team members, and organizing the company's capability to optimize costs can help the development team achieve their goals.
Top 5 Mistakes When Trying to Reduce Product Costs
Reducing product cost is a crucial goal for many companies, but achieving the best-possible cost can be a challenge. To avoid unnecessary expenses, companies must recognize the top 5 mistakes made during cost reduction efforts.
Don’t Be A Commodity Denier
In today's competitive market, businesses often struggle to differentiate their products from those of their competitors. With customers seeking the lowest total cost for products that meet specific requirements, companies must find ways to gain an edge.