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:

The terminology of product costing and supply chain activities

All the inputs to product cost
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)
The techniques involved in identifying cost reduction opportunities
Learn the methods to reduce these costs
Learn the guiding principles that should govern anyproduct cost reduction
Learn how to set up a sustained, structured cost reduction program (including for product design)

This Course is for Companies That Are:

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
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

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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