Bringing innovation to life
With product innovation flourishing, manufacturers could be forgiven for innovating first and thinking about whether their value chain is capable of bringing it to market later. Yet taking this approach could be selling themselves short.
Using should cost modelling strategies to absorb rising costs
Should Cost modelling can accelerate cost savings, closing the cost gap that often exists between the business environment of months or even years ago, compared to that of today.
Q&A – Cost and Value Engineering
Director Paul Cooper talks to Alan March, our head of cost and value engineering, about this function and the impact that looking at cost through a cost and value engineering lens can have on a business’s operations.
What should it cost? The role of good data
Should Cost modelling is a crucial practice in many industries. However, the key to successful Should Cost modelling is the availability and accuracy of good data.
Managing risk when ramping up
Demand for new aircraft has rebounded more quickly than many industry experts expected over the past year, but are sector supply chains ready to fulfil new levels of demand?
Designing for X: Optimising costs and other strategic priorities
In this blog we delve into why employing DfX methodology is not just beneficial but critical for optimising costs during new product development projects.
Embracing AI: reducing operational downtime in rail
With recent disruption, customer experience ratings have dropped, with delay compensation schemes becoming routinely used by many passengers. But what role could AI play in delivering improvements?
Product cost management – a best practice approach
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.
The Bottom Line: Effective Methods for Decreasing Product Cost and Boosting Margins
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.