Cost reduction

Engineering Materials for Cost Reduction

Posted by Michael Pfeifer, Ph.D., P.E.

One approach to cost reduction is to re-engineer products to use less expensive materials or reduced quantities of higher priced materials. This approach can have a significant impact on a product’s costs, since the materials used in a product account for a large part of its total cost. With appropriate design verification, it is possible to make the desired product changes and preserve the required performance and reliability. In fact, sometimes a product’s performance and reliability is also improved, providing an additional competitive advantage.