In today’s business environment, effective cost management is critical for sustaining profitability and competitiveness. We discuss some best practice approaches that can be taken to manage product costs.
We explain how analysing and challenging Could Cost and Should Cost elements using fact-based models, value engineering and benchmarking can help achieve Best Cost.
Adopting operational excellence can help to achieve both short- and long-term goals across cost and carbon, creating competitive advantage and enabling more effective investment decisions.
We share industry insights across aspects of EV Supply Chain, Battery Manufacturing and Circular economy including what businesses can do to create certainty around business growth.
Product and pricing decisions are key to survival. But how can a complex business make these decisions amidst so much uncertainty? The answer lies in data understanding.
Through scenario modeling, the true impact on carbon emissions and product cost can be identified. This can be a competitive advantage to make informed decisions and identify levers that reduce carbon and cost.
Life cycle cost analysis (LCCA) allows a business to look at all aspects of cost within a products life cycle, considering the different decisions they could make at various stages.