Product Cost Reduction

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Most development organizations are facing very challenging demands to reduce product costs while also considering the impact on value to customers. Very few organizations are prepared to develop new products that can achieve their aggressive cost reduction goals. This course provides an overview of how to plan and execute a proven cost-reduction-focused product development process called Cost Reduction for Product Development (CR) to:

• Significantly reduce product costs without sacrificing other customer satisfaction requirements such as performance, reliability or safety
• Significantly reduce product costs without increasing development time and costs

Who should attend?
This course is designed for managers of product development organizations who are interested in learning more about how to develop new products that can meet aggressive cost reduction goals.

Objectives
After completing this course you will be able to:

• Define the basic processes for planning and implementing a cost-reduction-focused product development process
• Assess your current readiness to plan and execute a cost-reduction-focused project
• Define how the cost reduction process interacts with other development processes
• Evaluate cost reduction benefits against investment costs and the impact on customer value for various design options
• Develop a general implementation plan for reducing costs

Contact ITI University regarding intermediate and advanced level courses