Product Cost – How to Reduce Manufacturing Costs
Product Cost – How to Reduce Manufacturing Costs, available at $49.99, has an average rating of 4.1, with 31 lectures, 9 quizzes, based on 49 reviews, and has 255 subscribers.
You will learn about Understand the accounting, business processes, and techniques associated with reducing product cost This course is ideal for individuals who are Companies that are producing hardware products of any kind (captive or outsourced manufacturing) or Suppliers of components or manufacturing services or Supply chain, procurement, or logistics professionals or Manufacturing engineering or Product designers or Product managers or Students in Supply Chain Management, Manufacturing, or Design Courses or Electronics engineering It is particularly useful for Companies that are producing hardware products of any kind (captive or outsourced manufacturing) or Suppliers of components or manufacturing services or Supply chain, procurement, or logistics professionals or Manufacturing engineering or Product designers or Product managers or Students in Supply Chain Management, Manufacturing, or Design Courses or Electronics engineering.
Enroll now: Product Cost – How to Reduce Manufacturing Costs
Summary
Title: Product Cost – How to Reduce Manufacturing Costs
Price: $49.99
Average Rating: 4.1
Number of Lectures: 31
Number of Quizzes: 9
Number of Published Lectures: 31
Number of Published Quizzes: 9
Number of Curriculum Items: 40
Number of Published Curriculum Objects: 40
Original Price: CA$24.99
Quality Status: approved
Status: Live
What You Will Learn
- Understand the accounting, business processes, and techniques associated with reducing product cost
Who Should Attend
- Companies that are producing hardware products of any kind (captive or outsourced manufacturing)
- Suppliers of components or manufacturing services
- Supply chain, procurement, or logistics professionals
- Manufacturing engineering
- Product designers
- Product managers
- Students in Supply Chain Management, Manufacturing, or Design Courses
- Electronics engineering
Target Audiences
- Companies that are producing hardware products of any kind (captive or outsourced manufacturing)
- Suppliers of components or manufacturing services
- Supply chain, procurement, or logistics professionals
- Manufacturing engineering
- Product designers
- Product managers
- Students in Supply Chain Management, Manufacturing, or Design Courses
- Electronics engineering
Are you involved in some way with a manufactured product? Maybe you are a Product Manager, an AUTOCAD Designer, a Manufacturing engineer, or a Supply Chain professional. Maybe you are a startup CEO or inventor. If so, you are concerned about how to drive your product cost to a minimum while retaining highest product quality assurance. This course provides a comprehensive look at product costing conventions, inputs and the means to reduce them.
This Course Covers:
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The terminology of product costing and supply chain activities
All the inputs to product cost
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The roles and responsibilities of people in your organization and outside it involved with product cost (Product Manufacturing, Supply Chain, Manufacturing Engineering, Shipping, Quality Assurance)
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The techniques involved in identifying cost reduction opportunities
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Learn the methods to reduce these costs
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Learn the guiding principles that should govern anyproduct cost reduction
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Learn how to set up a sustained, structured cost reduction program (including for product design)
This Course is for Companies That Are:
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Producing hardware products of any kind (captive or outsourced manufacturing)
-
Suppliers of components or manufacturing services
This Course is for Individuals That Are:
-
Supply chain, procurement, or logistics professionals
-
Manufacturing engineering
-
Product designers
-
Product managers
-
Managers of any of these groups
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Students in Supply Chain Management, Manufacturing, or Design courses
Course Curriculum
Chapter 1: Introduction
Lecture 1: Introduction
Chapter 2: Product Cost Accounting
Lecture 1: Product Cost Accounting Basics
Lecture 2: Standard Cost and Return on Investment
Lecture 3: Cost Reduction Accounting Basics Summary
Chapter 3: Cost Reduction Fundamentals
Lecture 1: Types of Cost Reduction
Lecture 2: Product Eligibility Assessment
Lecture 3: Cost Reduction Fundamentals Summary
Chapter 4: Cost Reduction Relationships
Lecture 1: Cost Reduction Relationships
Lecture 2: Relationships Section Summary
Chapter 5: Product Cost Reduction Basic Data
Lecture 1: The "Bill of Materials", or BOM
Lecture 2: BOM Example: Expandable Cordless Phone Teardown
Lecture 3: Costed BOM Example Template
Lecture 4: Other Basic Data
Lecture 5: Cost Reduction Basic Data Summary
Chapter 6: Basic Product Cost Reduction Opportunity Mining
Lecture 1: Basic Opportunity Mining Process
Lecture 2: Cost Reduction Pipeline – Tracking opportunities
Lecture 3: Basic Opportunity Mining Summary
Chapter 7: Intermediate Product Cost Reduction Opportunity Mining
Lecture 1: Quote Comparison for Cost Negotiation Support
Lecture 2: Mechanical Part Modelling to Determine "Should Cost"
Lecture 3: Electronics Parts – Cost Investigation Techniques and Insight
Lecture 4: Intermediate Opportunity Mining Summary
Chapter 8: Advanced Product Cost Reduction Opportunity Mining
Lecture 1: Specifications Rationalization for Cost Reduction
Lecture 2: Design Change for Cost Reduction
Lecture 3: Competitor Teardowns & Supplier Change
Lecture 4: Advanced Opportunity Mining Summary
Chapter 9: Cost Reduction Project Justification and Delivery
Lecture 1: Project Justfication and Approval
Lecture 2: Project Delivery
Lecture 3: Project Justification and Delivery Summary
Chapter 10: Running a Cost Reduction Program
Lecture 1: Cost Reduction Program
Lecture 2: Guiding Principles to Use in Cost Reduction
Lecture 3: Cost Reduction Program Summary
Instructors
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Murray Reeves
Cost Reduction Specialist & Experienced Technical Manager
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 2 votes
- 3 stars: 14 votes
- 4 stars: 9 votes
- 5 stars: 24 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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