Tony said, “Generating the list of prioritized cost optimization ideas is a major step to optimizing COGS for a product and its high-impact value stream. The list gives the product development team clarity on which cost optimization ideas they want to implement. Idea implementation is the next step.
We discussed earlier that the product development team is under pressure to deliver a product that meets requirements within a schedule required by the customer. In automotive, the delivery times align with the customer’s preproduction vehicle builds and the start of production for the vehicle. Missing these dates creates havoc at the automaker and great attention on the supplier causing the havoc. So, the product development ...
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