How Do You Reduce Product Costs Through Product Design?
Learn how to reduce product costs and improve your company’s bottom line. While there are numerous ways to go about this, this eHow will focus on reducing product cost via product design The first step towards reducing product cost through product design is to apply these steps early and often. Product design is usually the most efficient way to save on product costs. These steps can be applied to a product that is currently being designed, but can also be applied to existing products (of course it is more difficult to change design downstream). Sure, negotiations with suppliers and manufacturers can also reduce product cost, but smart product design typically offers the greatest benefits. Now we get into actually reducing the product cost. One of the first principles to apply is to look at each component in the product assembly and determining if it is necessary. The best way to do this is to have the assembly drawing, bill of materials, an assembled product, and a disassembled produc
