Product Cost - How to Reduce Manufacturing Costs

Supply Chain & Design Thinking for Minimum Cost, Maximum Profit, and High Quality

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Description

Are you involved in some way with a manufactured product? Maybe you are a Product Manager, an AUTOCAD Designer, a Manufacturing engineer, or a Supply Chain professional.  Maybe you are a startup CEO or inventor. If so, you are concerned about how to drive your product cost to a minimum while retaining highest product quality assurance.  This course provides a comprehensive look at product costing conventions, inputs and the means to reduce them.

This Course Covers:   

  • The terminology of product costing and supply chain activities   

    All the inputs to product cost

  • The roles and responsibilities of people in your organization and outside it involved with product cost (Product Manufacturing, Supply Chain, Manufacturing Engineering, Shipping, Quality Assurance)

  • The techniques involved in identifying cost reduction opportunities   

  • Learn the methods to reduce these costs   

  • Learn the guiding principles that should govern any product cost reduction

  • Learn how to set up a sustained, structured cost reduction program (including for product design)

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

What You Will Learn!

  • Understand the accounting, business processes, and techniques associated with reducing product cost

Who Should Attend!

  • Companies that are producing hardware products of any kind (captive or outsourced manufacturing)
  • Suppliers of components or manufacturing services
  • Supply chain, procurement, or logistics professionals
  • Manufacturing engineering
  • Product designers
  • Product managers
  • Students in Supply Chain Management, Manufacturing, or Design Courses
  • Electronics engineering