Design to Cost-Imperatives to Industry Today

Abstract

Product design decides the product cost. While the world markets have opened ways of development of modern manufacturing technologies at a rapid rate like flexible, agile, intelligent, etc, the cost remains the common denominator in all the efforts. The paper discusses the key areas of design to cost and touches on product cost optimization through exploration of content, design optimization manufacturing and purchasing costs. The paper discusses, bench marking needs and highlights why DTC is imperative for industry. The paper also coves cost saving ideas, enterprise networking for costs, life cycle costing and future research areas that will become more significant in future.

Keywords: Competition, operations, Design, Cost, Technical, Functional, Standard, Life Cycle Cost, Customer, Ideas, Systematic, Feedback