Cost reduction in product design

by William Wai-Chung Chow

Publisher: Van Nostrand Reinhold Co. in New York

Written in English
Cover of: Cost reduction in product design | William Wai-Chung Chow
Published: Pages: 440 Downloads: 710
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Subjects:

  • Engineering economy,
  • Engineering design

Edition Notes

Includes bibliographical references and index.

StatementWilliam Wai-Chung Chow.
Classifications
LC ClassificationsTA177.4 .C45
The Physical Object
Paginationxii, 440 p. :
Number of Pages440
ID Numbers
Open LibraryOL4549697M
ISBN 100442215401
LC Control Number77018130

This practical book walks you through:\" \"Specific cost reduction opportunities in sales\/marketing, product design, production, payroll, and benefits\" \"Methods for improving the procurement process to .   Comparison of Stages 18 Stages Cost Cutting Cost Management Cost Design Cost Positioning Basis Arbitrary spending cuts Understanding cost drivers Redesign internal value chain . Ch Book # Opportunity cost approach: The best opportunity for cost reduction is: during the product design phase of the value chain. Ch Quiz #3 The first step in implementing target pricing . Product Cost Reduction. Customers and competitors alike are constantly working to turn up the heat. In order to remain competitive you must continuously drive down cost while simultaneously improving .

rate cost at the optimal values of the decision variables Product design strategy Reduces the cost of production. At the same time it allows a more efficient response to customers’ needs Source: Adapted File Size: KB. BOOK CONTENTS SECTION 1: General Considerations 1. Cost Cutting as Driving Force: Economic Considerations 2. Overhead Cost Reduction in Rubber Manufacturing 3. Rubber Product Quality Cost .

Cost reduction in product design by William Wai-Chung Chow Download PDF EPUB FB2

Except for truly low-hanging-fruit, trying to “cost reduction” after the product is designed won’t work because: 1. Cost is designed into the product; 80% of cost is committed by design and by the time it gets to manufacturing, only 5% is left as shown in this graph, first published in Dr.

David Anderson first DFM book. Cost reduction in product design Hardcover – by William Wai-Chung Chow (Author) › Visit Amazon's William Wai-Chung Chow Page. Find all the books, read about the author, and more. See Cited by: Cost reduction in product design.

[William Wai-Chung Chow] Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for Book: All Authors / Contributors:. A Simple Cost Evaluator For Product Design With nothing more than paper, pencil, and a good engineering team, companies can compare design alternatives to lower costs.

Stephen Mraz. Cost reduction is the process of identifying and implementing ways to reduce the opex and capex of a business. In some industries, cost per unit falls on a quarterly basis and firms must. Product Dimensions: x 1 x inches Shipping Weight: pounds (View shipping rates and policies) Customer Reviews: out of 5 stars 1 customer ratingCited by: Based on the author's cost reduction experience gained during 30 years of senior operations and consulting engagements with hundreds of organizations, this book includes easy-to-understand and.

How to reduce manufacturing cost. - Useful 13 ideas. Every business should keep eyes on financial transitions in uncertain economy circumstance. if your business is suffering due to inefficient. benchmarks exist. The time necessary to analyze a product’s cost can be reduced.

Moreover, as design changes increase the efficiency of both the product and its manufacture, identifying new cost File Size: KB. Design-To-Cost (DTC) is one of the most important aspects of a product design.

After all, in an average product, every dollar in cost equals five dollars in sales (see calculation).Most product. Organizing a Cost-Reduction Program 5 • The idea was not theirs. • The idea will involve effort on their part.

• They did not think of the idea fi rst, and perhaps that is a source of embarrassment. • The idea. A " Design to Cost " Methodology to Manage Complex Product Development in the Space Industy critical factor in product design.

Things have now drastically changed: reduction of budgets and. Design-to-Cost (DTC), as part of cost management techniques, describes a systematic approach to controlling the costs of product development and basic idea is that costs are.

The significance of cost reduction and cost control derived from its function in profit maximization. Any organization that is successful using cost reduction and cost reduction can sell its product at a lower. CHAPTER 1 The Cost Reduction Process 3. Introduction 3. Need for Cost Reduction 4.

Advantages of Cost Reduction 7. Disadvantages of Cost Reduction 8. Cost Reduction Politics 8. Cost Reduction. This book is designed with the structure of product design and value engineering theory and methodology.

Product design is a challenging task and require through experience and : Chintan Barelwala. Cost Reduction of a product through Value Analysis & Value Engineering CTQ (Critical to Quality) Matches basic function and performance characteristics One to one module replacement Same Outer File Size: 1MB.

It enables you to combine the cost savings of recycled thermoplastic materials with other bulk filler materials and can accommodate larger footprint parts with the help of compression molding. Cost reduction is the process used by companies to reduce their costs and increase their ing on a company’s services or product, the strategies can decision in the.

More for less: Five steps to strategic cost reduction | PwC 3 This is an industry facing a perfect storm of soft rates, low investment yields and new regulation.

And bythe impact of new technology. Article on Design for Manufacturability (DFM)as a cost reduction strategy to design low cost products. DESIGN FOR MANUFACTURABILITY [DFM consulting] [DFM seminars] by Dr. David M. Anderson, P.E., fASME, CMC from the Book. Cost reduction can result in significant product cost saving, manufacturing cost saving, and life cycle cost saving when companies interested in cutting cost implement all 8 the elements of the following cost.

To reduce the cost of the product. The main objective of value analysis is cost reduction or increase of profit for the enterprise. Value analysis also considers time. An product may be “Value” if it is. Costs associated with Product Design.

Since product development determines 80% of product cost it makes sense to start here when looking at reducing manufacturing costs. In fact, the. Engineers face constant pressure to reduce the cost of product development, and yet some “cost-saving” strategies are counter-productive, leading to increased costs and damaged.

Product cost reduction Full case study overleaf Throughout February-April Sagentia is running a series of pre-bookable product cost - Concept development, product design, product development. I first heard about product cost deductions in the early s. Over forty years later, the product cost deduction pitch to staff hasn’t changed but the industry most definitely has.

The pitch. Competitive quality, cost, service, and delivery have always been fundamental requirements of suppliers. They are still the cornerstones of integrated supply chain requirements for SME participation, although. "Cost Reduction and Optimization is an outstanding "how to" guide for any manufacturing professional (engineers and executives alike) outlining what steps are needed to make dramatic improvements in product cost and quality.

The book. This enables manufacturing organizations to attack cost at the point of origin and yield the greatest impact on product cost reduction. Core Cost Management Activities. There are a number of. Find Cost Reduction in Product Design by Chow at over 30 bookstores.

Buy, rent or sell.Present-day manufacturing methodology does not consider making profit as their primary objective. The manufacturing process requires the knowledge of many disciplines, such as design, process planning.

Design for Manufacturing Definition: DFM is the method of design for ease of manufacturing of the collection of parts that will form the product after assembly.

‘Optimization of the manufacturing .