DEMEP - Offerings

Lean Product Development:
Reducing Cost in New Product Development
REGISTER FOR THIS WORKSHOP - CLOSE WINDOW

Training: This workshop presents a comprehensive set of practical, easily applied techniques for reducing the manufacturing cost of any product. Students will learn how to apply these powerful tools to real products, in real time, with high efficiency. The product development process represents the most complex, challenging, and, sad to say, poorly understood activity in business. However, reducing manufacturing cost is the fastest and surest way to achieve a measurable increase in profits. The practical tools described in this workshop can be applied to both new product opportunities and existing successful products, require minimal organizational change, and can yield immediate bottom-line results. Slashing costs is a great place to begin your journey toward lean product development excellence.

Based on the recently published Lean Design Guidebook, the tools and methods in this course are organized into an “itinerary” that follows the timeline of a typical product development project, from initial idea generation to product qualification and launch. Examples, exercises, and guidelines are provided for each tool to help the student decide whether that tool would be valuable in their situation. In this way, attendees can quickly craft an integrated cost reduction strategy that is optimal for their products and markets, and gain enough understanding to get immediate results.

Upon completing this course, students should be able to: understand the true cost build-up of any product, utilize twenty cost “levers” to perform cost-reduction trade-offs, improve customer communication and value capture, identify synergy across product lines through flexible platform strategies, eliminate design waste through value engineering, implement a simplified version of Toyota’s 3P process, use basic six-sigma tools to reduce variability and scrap, reduce touch labor and materials through design for manufacture and assembly.

Who Should attend: Product designers, manufacturing engineers, product-line managers, team leaders, task managers, functional managers, six-sigma black belts / green belts, improvement champions, operations managers, process owners, and all others with product development responsibilities.

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