Whitepapers

The benefits of a systematic product cost management (PCM) program are significant, yet many manufacturers struggle to implement these initiatives effectively. This article discusses some key principles to guide and execute an effective PCM program for maximum impact.

Many people and departments within an organization impact product cost:
 
•    An engineering team decides on a specific design, but there are multiple alternatives that meet the same form, fit, and functional requirements. Each dictates a different cost.

Paper or plastic? A question many of us are often asked at our local grocers' check-out lines. Of course, we know that paper products are obviously derived from trees, but what about plastic products? It's no shock that plastic is a man-made product that doesn't occur naturally on its own and must be specially produced. The plastic manufacturing industry can count the food, medical and electronics markets as major growth areas for flexible packaging.

Around a quarter of all liquid silicone products are utilized in the fields of medical technology or pharmaceuticals, and the trend is rising sharply. As well as replacing other materials, silicone opens the door to innovative administration forms and product designs whilst opening up new possibilities for implant technology, amongst other things.

Recently, your company made the important decision to invest time and money in a new manufacturing ERP system to increase competitiveness and operational efficiency. You've been selected to research potential new ERP vendors and whether it is a top priority or something you have to work into your other job responsibilities, due diligence is required to find the best fit in ERP vendors. The success of this new company-wide initiative depends on it.