Japanese companies developed a practice of specifying a target cost for the new product design so that the product can be introduced at a specified price to capture a planned volume of sale. The product design has to combine its technical knowledge with cost information to reduce the cost of components and assembly cost incrementally to reach the target cost specified. How do they do it?
Design for Cost
November 5, 2016
Cost Contributors in Design
Some of the significant cost contributors that can be attributed to design include:
Material Specification
Tolerance Specification
Number of Components in Assembly
Factor of Safety
Knowledge of Manufacturing Processes required to achieve desirable design characteristics
Packaging & Transportation
The material database in CAD design must have the current prices for each material so that the Design engineer can select materials for least cost design.
https://blogs.solidworks.com/tech/2016/11/design-cost-staying-competitive-todays-world-market.html
Engineering Materials for Cost Reduction
Posted by mike Pfeifer
One approach to cost reduction is to re-engineer products to use less expensive materials or reduced quantities of higher priced materials. This approach can have a significant impact on a product’s costs, since the materials used in a product account for a large part of its total cost.
https://www.imetllc.com/engineering-materials-for-cost-reduction/
ISBN: 9780791802507
No. of Pages: 560
DOI: https://doi.org/10.1115/1.802507
Publisher:ASME Press / Springer
Publication date: 2007
Preview the book: https://books.google.co.in/books?id=SJlWd7t_D7cC
CHAPTER 1 Introduction
1.1 Cost reduction - an issue in product development
1.2 Aims of the book
https://asmedigitalcollection.asme.org/ebooks/book/95/chapter-abstract/22181/Introduction
CHAPTER 7 Factors That Influence Manufacturing Costs and Procedures for Cost Reduction
Only table of contents available
By Klaus Ehrlenspiel , Alfons Kiewert , Udo Lindemann
2007 book
https://asmedigitalcollection.asme.org/ebooks/book/95/chapter-abstract/22199/Factors-That-Influence-Manufacturing-Costs-and
You can see sections of all chapters.
Design for Cost
November 5, 2016
Cost Contributors in Design
Some of the significant cost contributors that can be attributed to design include:
Material Specification
Tolerance Specification
Number of Components in Assembly
Factor of Safety
Knowledge of Manufacturing Processes required to achieve desirable design characteristics
Packaging & Transportation
The material database in CAD design must have the current prices for each material so that the Design engineer can select materials for least cost design.
https://blogs.solidworks.com/tech/2016/11/design-cost-staying-competitive-todays-world-market.html
Engineering Materials for Cost Reduction
Posted by mike Pfeifer
One approach to cost reduction is to re-engineer products to use less expensive materials or reduced quantities of higher priced materials. This approach can have a significant impact on a product’s costs, since the materials used in a product account for a large part of its total cost.
https://www.imetllc.com/engineering-materials-for-cost-reduction/
Cost-Efficient Design
By Klaus Ehrlenspiel, Alfons Kiewert, Udo Lindemann Editor Mahendra S. HundalISBN: 9780791802507
No. of Pages: 560
DOI: https://doi.org/10.1115/1.802507
Publisher:ASME Press / Springer
Publication date: 2007
Preview the book: https://books.google.co.in/books?id=SJlWd7t_D7cC
CHAPTER 1 Introduction
1.1 Cost reduction - an issue in product development
1.2 Aims of the book
https://asmedigitalcollection.asme.org/ebooks/book/95/chapter-abstract/22181/Introduction
CHAPTER 7 Factors That Influence Manufacturing Costs and Procedures for Cost Reduction
Only table of contents available
By Klaus Ehrlenspiel , Alfons Kiewert , Udo Lindemann
2007 book
https://asmedigitalcollection.asme.org/ebooks/book/95/chapter-abstract/22199/Factors-That-Influence-Manufacturing-Costs-and
You can see sections of all chapters.
Search term "Design to Cost Procedure" has good information.
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