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Reducing Current Product Costs: Challenges and Opportunities

April 7, 2016

Identify the Parts with the Greatest Potential for Significant Cost Savings and Take Action

Current products provide the biggest, short-term opportunity for reducing product costs by:  

  • Identifying savings on outsourced parts
  • Finding savings in redesign
  • Optimizing costs on a higher volume of parts by consolidating similar parts
  • Consolidating suppliers
  • Improving engineering productivity in redesign projects

This whitepaper explains how leveraging these opportunities requires changes on both the people and the technology sides of the business.

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