Welcome to our 10 step tool to estimate how much you can reduce your costs

Answer the following set of questions for an estimate of how much you could reduce the costs of your products.

1. Are your design reports well documented with design requirements, simulation results, and test performances?
Yes
Sometimes
No

2. Are the market requirements clearly defined for your products? (Required performances, Value of each function,...)
Yes
Somewhat
No

3. Supplier consolidation - How many suppliers represent 90% of your spend for each item category?
1 or 2
3 to 5
5+

4. Item consolidation20% or less of your items represent 80% of more of your spend
More than 20% of your items represent 80% of your spend or less

5. What percentage of your spend is sourced from low cost countries?0% to 30%
30% to 50%
> 50%

6. Do you have cost breakdowns from your suppliers for most of your items representing the top 80% of your spend?Yes
No

7. Do you clearly understand the cost drivers of most of your items representing the top 80% of your spend?Yes
No

8. Do you frequently hold cost reduction and design review workshops with your suppliers?Yes
No

9. Do you frequently benchmark the designs and cost breakdowns of your products and parts?Yes
No

10. Have you recently done an RFQ for all of the item categories that represent the top 80% of your spend?Yes
No

       You could reduce your costs by up to: