Implementing a culture of cost awareness
04 March 2019
High Tech Electronics (THE) is one of the most competitive markets today. Whether you are a major global OEM headquartered in North America or a small injection moulded plastics supplier in Malaysia, the pressure to adapt and evolve with constantly changing market dynamics is intense. Learn how a premier global high tech electronics company saved millions by attacking their mechanical spend.
In a world where innovation is constant and unrelenting, manufacturing volumes are extremely high, supply chains stretch around the globe, and getting your products to market quickly is mission critical. Product development teams face a number of challenges in securing acceptable product margins.
Creating a culture of cost awareness
This aPriori customer is under significant pressure to closely manage product profitability, given the considerable pressures they face every day in their operating environment. In the following case study, we will reveal how they took a multi-dimensional, strategic approach to managing cost:
• …during the design cycle for their most important new product introductions,
• …to provide their buyers with more detailed ‘should cost’ data than ever before,
• …and, by working as a collaborative team to attack cost at the point of origin
Read the full article in the March issue of DPA
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