How to Reduce the Cost of Your Product

Course details

Are you involved in some way with a manufactured product? Maybe you are a product manager, a designer, a manufacturing engineer, or a supply chain professional. Maybe you are a startup CEO or inventor. If so, you are concerned about reducing product cost. This course provides a comprehensive look at product cost inputs and the means to reduce them.

In Taking This Course You Will:

• Know the terminology of product cost and cost reduction activities
• Know all the inputs to product cost
• Know the roles and responsibilities of people in your organization and outside it involved with product cost, and how best to deal with them
• Learn the techniques involved in identifying cost reduction opportunities
• Learn the methods to reduce these costs, as well as hurdles and barriers to success
• Learn the guiding principles that should govern any product cost reduction activity
• Learn how to set up a sustained, structured cost reduction program

This Course is for Companies That Are:

• Producing hardware products of any kind (captive or outsourced manufacturing)
• Suppliers of components or manufacturing services

This Course is for Individuals That Are:

• Supply chain, procurement, or logistics professionals
• Manufacturing engineering
• Product designers
• Product managers
• Managers of any of these groups
• Students in Supply Chain Management, Manufacturing, or Design courses