Tag: value engineering

The Gold-Plated Mouse Trap Problem. Building Premium When the Market Needs Affordable

Smart Product Design

Solicit Early Input from Customers, Suppliers & Manufacturing

We recently helped a robotics firm reduce unit costs following product design challenges. Their innovative prototype dazzled during demos, but the design was too costly to produce. Technical brilliance must be anchored to market and production realities….

Cost Management Rebalancing the margin tug-of-war Does your organization struggle to achieve financial goals in an increasingly volatile marketplace? [iconography of two teams playing tug of war, with the target margin in the middle. Text above the image reads "Kormac Rebalancing"] Cost Pressures: Labor, Materials, Logistics, Real estate, Technolgy Market Pressures: Pricing, service delivery, quality, lead time, social responsibility Kormac's Surgival Strike Methodology™ delivers the agility you need to meet your financial objectivers.

Cost Management

Rebalancing the margin tug-of-war

As the labor and supply cost rollercoaster continues, we are working with several clients to identify new management levers. Among them: Increasing the frequency of cost reviews to ensure faster customer price adjustments and/or tying customer pricing to component market indices Executing Value Analysis and Value Engineering efforts to drive...