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LiveWorx 2018

s895 - Beyond Product Cost Estimates – The Holistic Design Approach for Engineering Leaders

Session Description

Ascertainment of product cost is required during every stage of the product development lifecycle. At the engineering stage, 70% of product costs gets defined, as specifications are frozen at design release. More than half of engineering effort gets wasted in design rework, which happens due to sub-optimized design not from just cost point of view but largely due to manufacturability challenges. It is imperative that organizations must front-load these decisions as there is much more flexibility at the beginning of an engineering cycle and a focus on aspects of design that drive and contribute to cost. We will demonstrate how simple changes to the design process can dramatically reduce product cost and improve design quality and how engineering leaders play a pivotal role in providing significant benefits to the organization. In this session, we will see how organizations can take a step towards getting early visibility of the product cost and focus on key areas that will help to build new innovative products faster and acceptable cost to their customers.

Session Presenter
Additional Information
Product Design & Business Process
Product Design & Engineering
Take an engineering viewpoint of product cost and understand what the contributors are.
Understand key focus areas of design that need attention -DFM and DFA.
Learn how to leverage current CAD software tools for smart decision making.
Ignite Talk (15 Minute Quick Tips or Demos Expo Hall)
15 minutes
Session Schedule