Product Cost - How to Reduce Manufacturing Costs

Are you focused on reducing product costs without sacrificing quality? Whether you're a Product Manager, Manufacturing Engineer, AUTOCAD Designer, Supply Chain Professional, Startup CEO, or Inventor, this course offers a comprehensive understanding of product costing and practical strategies for cost reduction.

This course delves into the core of product costing conventions and explores all the key inputs to product cost. We'll cover:

• Product Costing Terminology & Supply Chain Activities: Gain a clear understanding of the language and processes involved in managing product costs.
• Identifying Cost Drivers: Learn to pinpoint the factors that significantly impact your product's bottom line.
• Roles & Responsibilities: Understand how various teams – including Product Manufacturing, Supply Chain, Manufacturing Engineering, Shipping, and Quality Assurance – contribute to and influence product cost.
• Cost Reduction Techniques: Discover proven methods for minimizing expenses throughout the product lifecycle.
• Guiding Principles for Cost Optimization: Establish a framework for making informed decisions about cost reduction.
• Building a Sustainable Cost Reduction Program: Learn how to implement and maintain a structured program, including strategies for product design cost optimization.

This course is ideal for companies that:

• Produce hardware products (both in-house and through outsourced manufacturing).
• Are suppliers of components or manufacturing services.

This course is for individuals in:

• Supply Chain
• Procurement
• Logistics
• Manufacturing Engineering
• Product Design
• Product Management
• Management roles overseeing these areas
• Students in Supply Chain Management, Manufacturing, or Design programs.

Master the art of product cost management and unlock opportunities for increased profitability. Learn to strategically minimize product cost while maintaining or improving product quality assurance.