What is the 'experience effect?' We look at how the experience gained over time by manufacturers who are producing the same products can lead to cost reductions and efficiency improvements. To illustrate this, we give some examples of … [Read more...]
9 Ways For Importers To Cut Costs
If you ask any importer if they'd like to reduce their operating costs they're almost certainly going to say yes! But what are the options? Renaud has 9 cost-cutting options for you here regardless of where you're manufacturing. Some, … [Read more...]
Why and How to Control your Supplier’s Costs? [Podcast]
![Why and How to Control your Supplier’s Costs? [Podcast]](https://qualityinspection.org/wp-content/uploads/2022/07/WhyandHowtoControlyourSuppliersCostsPodcast1.webp){kind=small}
In this episode… We conclude the mini-series we've been doing where Renaud provides you with the advice you need to source from China yourself. We've covered the entire process from finding great suppliers, negotiating, manufacturing, … [Read more...]
NPI Cost vs. Production Unit Cost: What To Optimize For?
When developing a new electro-mechanical product, there is a tradeoff: Do you want to spend less time & money before production (during the NPI process), and suffer higher costs for each unit made? Or do you want to invest more … [Read more...]
Rising Raw Material Prices: What Strategy To Follow? (6 Approaches)
In March (2021), we noted that the raw material prices of some commodities (silicone, some papers & cartons, some batteries...) went up a lot. And some analysts predict a multi-year increase in raw material prices. Bloomberg came … [Read more...]
How to reduce costs in a factory? The lean approach.
The number one challenge of Chinese suppliers is price, as revealed by a recent survey. Their costs keep rising, but price competition is stronger and stronger. Factory owners spend a lot of time trying to reduce costs. Unfortunately, … [Read more...]