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

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 impart...