Advanced Cost Reduction Tools

Aim of the course

By the end of this course, participants will be able to understand and implement advanced tools for cost reduction and cost avoidance.
  • Understand cost drivers and their impact on product / service cost.
  • Understand functional specifications and differentiations from technical specifications.
  • Understand principles for Value analysis and its application to Dfx (design for X) optimisation workshops.
  • Create product or service should cost supporting suppliers’ cost breakdown analysis.
  • Apply methodology to develop structured TCO models with key parameters and cost drivers.

Target group

Any Professional willing to understand the cost drivers of their company as well as with their suppliers in order to identify and take advantage of saving opportunities.

Course structure

The ADVANCED COST REDUCTION TOOLS course contains 1 Chapter including 6 e-modules, other material (readings, videos…) and 1 virtual class. The specific e-modules must be completed before attending the related Virtual Class.