Product cost study

We can help you understand and reduce the costs of manufacturing.

By understanding your method of manufacture and operational environment, our team can develop a detailed cost estimate considering factors such as manufacturing cycle times, factory size, material costs, organisational design and equipment costs.

Your challenge

A product cost study can add value if:

• You are developing a new product or component and need to understand the potential manufacturing costs.
• You need to reduce the cost of a product or component.
• You are quoting to manufacture a new product, and require support.

Our service

• We review your products and your business drivers, by reviewing drawings, visiting your site, inspecting your current equipment, and talking to your manufacturing teams.
• We work with your teams to understand the key criteria for our assessment. These could include investment costs, current manufacturing capability or target manufacturing cost.
• We develop a baseline method of manufacture, material costs and operational process, to help determine the direct, indirect and material costs of your product.
• We can then develop a strategy to reduce your manufacturing costs. This may involve a design for manufacturing review, or alternative methods of manufacture.

Benefits

A product cost study can help you:

• Understand the potential costs of a component or product.
• Identify opportunities for cost reduction.
• Better understand how different factors affect a product’s cost.