Cost reduction is an objective many organizations include in their annual
plans, but few people have been trained to efficiently target and realize cost
reduction opportunities. The
training program develops an approach
for systematically reducing costs. The program identifies cost reduction
opportunities in the areas of:
and test redesign.
and paperwork movement reductions.
Who Should Attend
Engineers, manufacturing engineers, program managers, product line managers,
buyers, and manufacturing managers should attend this training.
Cost Reduction Syllabus
Class 1: Identifying Cost and Cost Reduction Opportunities.
Cost and accounting data. Productivity data. Assessing
headcount. Assessing material costs. Identifying dominant costs
and cost reduction targets. Cost Pareto analysis from material,
organization, and buyer/supplier perspectives. Class exercise.
Class 2: Value Engineering Concepts.
Assessing functions and design requirements. Using substitute
materials. Product simplification concepts. Assessing design and
quality requirements internally, at suppliers, and at the customer.
Class 3: Materiel Opportunities. Make or
buy considerations. Assessing work allocation. Controlling
supplier cost growth. Identifying Procurement cost reduction
opportunities. Soliciting supplier involvement.
Competition versus teaming. Assessing and reducing WIP and raw
material inventory levels. Class exercise.
Class 4: Manufacturing Opportunities.
Labor standards and productivity measurement. Implementing reasonable
expectations. Learning curves. Process yield targeting.
Assembly aids. Using quality assurance data to focus cost reduction
efforts. MRB and MRP considerations. Class exercise.
Class 5: Quality Assurance Opportunities.
Inspection point selection issues. Consumer and producer risk.
Statistical process control considerations. Dock-to-stock issues.
Certified operator programs. Using quality assurance data. Class
exercise. Course summary. Course critique.
been all over the world helping manufacturers improve. Would
you like to see a few photos from our travels here and
abroad? Very few are work related; most are just some of the
great local sights we get to see!