EDITOR’S NOTE: This blog post is the third in a three-part series that explores the topic of cost reduction. We hope you enjoy these posts and find them useful. Welcome back! In the first blog post of this series, we identified six kinds of costs: piece price, quality requirements, non-recurring engineering (NRE), conflicts in goals, transaction and speed. We also discussed piece price and quality requirements in...
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EDITOR’S NOTE: This blog post is the second in a three-part series that explores the topic of cost reduction. We hope you enjoy these posts and find them useful. In the first blog post of this series, we identified six kinds of costs:· piece price· quality requirements· non-recurring engineering (NRE)· conflicts in goals· transaction· speed We also discussed the first two...
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EDITOR’S NOTE: This blog post is the first in a three-part series that explores the topic of cost reduction. We hope you enjoy these posts and find them useful. As the coronavirus (COVID-19) pandemic continues to impact the world, it feels as if just about everything has been affected, from countries’ economies to our very social fabric. Despite this, businesses are still grappling with pre-COVID issues,...
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EDITOR’S NOTE: This blog post is the third in a three-part series. If you’re considering contract manufacturing services, you’ll want to watch this space. The posts in this series provide a great introduction to who we are, what we do, and why we’re so passionate about creating solutions for our customers. We hope you enjoy these posts and find them useful. When we acquired Carolina Tool...
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