C-O-S-T

Cost Optimization System and Technique

Craig Theisen

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Hardback

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English

Business Expert Press
30 March 2022

Why do companies exert high effort to reduce the costs of products that are production? Because they can! Because unnecessary product costs were not removed during product development.

C-O-S-T, short for Cost Optimization System and Technique, details how a company's product development teams, their supporting functions, and company leaders can optimize product costs before production starts and thereby maximize lifecycle profits.

Since product development teams determine product costs imparted to new products, much of the book details how these teams optimize product costs. The book also includes ways company leaders can create and sustain company-wide engagement in optimizing product costs and keeping the resulting increased profit margins.

The reader is entertained while observing a three-day workshop where executives of a fictitious company, Defender Products, Inc. are being taught the C-O-S-T system by its developers. The story flows like a business workshop with slides, dialog, and break-out sessions.

The content will benefit all companies that design, develop and manufacture products.

By: Craig Theisen
Imprint: Business Expert Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 22mm
Weight: 363g
ISBN: 9781637422601
ISBN 10: 1637422601
Pages: 402
Publication Date: 30 March 2022
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Craig Theisen enjoyed 35 years in the highly competitive automotive parts supply business. His experiences in product development, research, sales, quality, general management, and product management had a common element – automakers wanted parts to meet their requirements, have high quality, and low, total cost. Recognizing these customer wants, Craig led the development of a system to optimize product costs during the product development phase, before the products went to production. The system resulted in hundreds of millions of dollars of lifecycle cost being removed prior to production starting.

Reviews for C-O-S-T: Cost Optimization System and Technique

The reader observes C-O-S-T in action as the leadership team at Defender Products, Inc. learns to integrate the system into their business.--Mike Gallico, Vice President Human Resources, JAC Products, Inc What a great way to communicate technical information and keep the reader's attention.--James Bischoff, CEO BS&C Corp