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.