Machinedesign 9877 Apriori Reducing Current Product Costs 770x400 0

Reducing Current Product Cost: Challenges & Opportunities

May 19, 2017
Identify the Parts with the Greatest Potential for Significant Cost Savings. Sponsored by aPriori
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.