19 Aug What is Design to Cost?
Historically, however, most manufacturers have had to resort to an effectively ad hoc strategy for estimating and managing cost. But that’s no longer the case.
More and more manufacturers are using Design to Cost methodologies and tools to rationalize cost management by providing comprehensive insight into cost structure when it matters most: while a product is still being designed.
That’s precisely why Design to Cost is such a vital paradigm for modern manufacturers to understand.
In this article, we define Design to Cost methodology, examine what it takes to transition an organization to utilizing these practices, and look at a few practical examples. Finally, we look at how the right technology tools are an essential foundation for Design to Cost in manufacturing.
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