Design to Cost Process Generates $10M Cost Saving Opportunities

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Client Case Story Snapshot

Who

$3B Global Fortune 1000 Financial Services Provider

Goal

Establish a “Design to Cost Process”

How

Business process design and leadership coaching

Delivery

Results Narrative Summary

Partnered with a $3 Billion, global Fortune 1000 financial services provider to establish a “Design to Cost Process” linking engineering, marketing, operations and supply chain teams. The Innovation Garage® team provided business process design and leadership coaching with Value Engineering Methods. The team also completed a technology analysis to reach product launch cost targets.

Over an eight week period, the cross functional team (including sourcing, engineering, procurement, development and supply chain leaders) conducted a rapid component/part analysis of a complex mechanical system, delivering cost savings opportunities of $10 Million.

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