Supply Chain Capability Building: Design to Cost Processes Generate $10M in Savings Opportunities

Results Narrative Summary

Partnered with a $3 Billion, global Fortune 1000 financial services provider to establish a “Design to Cost Process” linking engineering, marketing, operations and supply chain teams.

The Innovation Garage® team provided business process design and leadership coaching with Value Engineering Methods. The team also completed a technology analysis to reach product launch cost targets.

Over an eight week period, the cross functional team (including sourcing, engineering, procurement, development and supply chain leaders) conducted a rapid component/part analysis of a complex mechanical system, delivering cost savings opportunities of $10 Million.

Subsequent engagements include: patent strategy support and innovation and growth mindset strategy and education for marketing, development and operations leaders across the enterprise.