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Cost Reduction Services: Alternate Components, Low Cost Components, Asian Component Sources PDF Print E-mail
Overview of Component Engineering Services of Enventure TechnologiesBOM Cleansing Services from Enventure TechnologiesObsolescence Management Services from Enventure TechnologiesData Transformation Services for Enterprise Software Systems from Enventure TechnologiesCost Reduction Services from Enventure Technologies

Cost Reduction

"My product is too expensive!" - Who hasn't heard this from the sales team at their company?

Most companies have at some point in time been in the uncomfortable position of knowing that their product wasn't competitive enough for the marketplace.

Such situations are created due to a variety of reasons like:
  • Technology improvements reduce component costs and that advantage is being leveraged by the competition
  • 'Hi-speed' product launches do not provide time for component cost optimization
  • Multiple divisions or locations of a company buy the same part using different internal part numbers with different pricing.
  • Low Cost Country (LCC) Sourcing is not evaluated.
  • Component supplier may have reduced cost but may not have passed on the benefits
  • Mergers and acquisitions may create purchasing trends that are inefficient
Enventure delivers Cost Reduction services through a multi-staged process that is defined based on the level of flexibility and change each customer might be willing and able to implement.

Enventure's approach is to evaluate all options to reduce costs, including
  • savings from purchase consolidation
  • identifying lower cost alternates
  • Low Cost Country (LCC) sourcing
  • analyzing current buying prices to spot abnormal procurement prices
Enventure selects a suitable approach based on customer's priorities and directives on change limitations.

Please fill-in Enquiry Form to know more about our Cost Reduction services.