Training segment details
11. Cost Effective Manufacturing

Making your product faster, cheaper, better:
If an invention is to make it to the market, it must be competitively manufactured. But there’s more to manufacturing than just getting the right price! Whether you are manufacturing and assembling in house or farming it out to subcontractors, you must know about "the cost of quality", how to find and evaluate subcontractors, parts suppliers, import agents and assembly/packaging houses. How do you negotiate the best deal with them? Who pays for what? And where will it be warehoused? Get ready for a fast paced, super-informative segment!


What you will learn:
The right quality at the right price and delivered on time:

  • Selecting the right production process for your invention
  • To identify the most cost-effective process
  • The three most important driving forces: quality, price and service
  • The importance of PQM in your manufacturing effort
  • Other cost considerations (amortizing dies, molds; inventory build-up, JIT, terms)
  • How to compare domestic or import sourcing<
  • Techniques to determine manufacturing costs
  • To address the environmental issue; cradle to grave studies
  • About engineering drawings and CAD/CAM
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