In the rush to launch a new product to market it is not uncommon to use modules, parts and sub-assemblies that already exist or have already been “tooled”. These parts often have redundant features and/or non-optimised architectures and this makes them more expensive than they really need to be.
However, as a market matures there is often increased competition and with it more pressure on price (and therefore profit margins). On the positive side, product life and the forecast for volumes becomes much more certain and there is real data on the cost of part manufacturing, assembling and delivery. It is at this time that a Cost Reduction exercise can be highly lucrative and bring other real benefits.
We have design and manufacturing expertise to undertake a detailed post-development exercise in product cost reduction using best-in-class methodologies. We will consider a wide range of variables, such as product variations & design features, manufacturing methodologies and processes, material choices, assembly techniques and shipping, and can offer a comprehensive, detailed and honest appraisal of the Cost Reduction potential.