Do you want to reduce the cost of your products?
Do you want to improve your profit margin and protect your market share?
This seminar will help you master the essential principles and tools you need to achieve this.
At the end of this training, participants will be able to apply a systematic and structured approach designed specifically to reduce product costs by optimizing their design.
They will learn how to apply the essential best business practices, concepts, and techniques available for optimizing and evaluating designs in an integrated manner, including value analysis, functional analysis, target costing, product simplification, make-or-buy analyses, the Pugh matrix, and Design for Manufacturing and Assembly (DFMA).
Note: Improving manufacturing productivity is not considered within the scope of this initiative, nor is plant redesign.
- Directors and managers in engineering, R&D, or innovation;
- Engineers and technical staff working in design, R&D, or innovation.
The training will mainly consist of dense, well-documented educational content (with relevant references). A concrete example of how the initiative can be applied will be provided during the seminar.
2 days, or 15 hours (spread over 2 days or more - flexible schedule).
Ramez Zalat, Engineer, MBA – President, Manavue Inc. Has been advising companies for over 35 years on innovation and performance. Has also been teaching at Polytechnique Montréal for several years (lecturer in the bachelor's program and the HEC/Poly joint MBA program on innovation).
1. Presentation of the initiative
a. Areas of application
b. General methodology
c. Expected results (generally, a 20-30% reduction in product costs)
2. Methods and concepts applied in the initiative – and corresponding templates
a. Target cost method
b. Functional analysis
c. Value analysis
d. Design for Manufacturing and Assembly (DFMA)
e. Brief Make-or-Buy analyses
f. Brainwriting and brainstorming techniques
g. Pugh matrix
h. Evaluation/decision matrix
3. First phase of the initiative – Preparation
a. Analysis of a product and its design efficiency (DFMA)
b. Functional analysis of the product
c. Product value analysis
d. Target costing
4. Second phase of the initiative - Implementation
a. Generation of concept ideas
b. Classification of ideas (costs vs. benefits vs. risks)
c. Process for eliminating/selecting the best ideas
d. Optimal modified concept and design efficiency
e. Evaluation of the cost reduction achieved
5. Third phase of the initiative - Validation
a. Validation of the optimal modified concept
b. Summary of costs, benefits, and risks
c. Action plan
Eligible under the mandatory continuing education regulations for Engineers (Règlement sur la formation continue obligatoire des ingénieurs).