Product Cost - How to Reduce Manufacturing Costs

Product Cost - How to Reduce Manufacturing Costs

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

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

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What you will learn

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

Rating: 4.2

Level: Intermediate Level

Duration: 3.5 hours

Instructor: Murray Reeves