Does-Should-Could: Cost Optimization for World Class Manufacturing

Yushiro Kato is the Co-Founder and CEO of CADDi. As an expert in should-cost analysis, he shared more about its effectiveness as a cost reduction strategy and also for its potential to serve as the catalyst for collaboration with key suppliers.
This webinar will help you:
-Understand the impact should-cost analysis can have on profitability
-Recognize the advantages associated with executing should-cost analysis at scale, across all of your company’s products
-Explore additional opportunities to collaborate and innovate with key suppliers to everyone’s benefit
Should-cost modeling is not a new approach, but it is often under-leveraged as a cost reduction strategy. Procurement’s typical approach is to simply look at the overall price being paid and squeeze the supplier’s margins.
Understanding the detailed cost breakdown of any product - including materials, machining costs, labor, transportation, overhead, and profit - opens the door to more educated conversations with suppliers and a better quality finished product delivered on time at a reasonable price.
Subscribe to This Week in Procurement for the latest in procurement news, insights, and information: resources.artofprocurement.co...
Visit www.artofprocurement.com
Listen to the Art of Procurement podcast: artofprocurement.com/podcast/
About Art of Procurement:
Art of Procurement was founded in 2015 to empower professionals at all levels to align procurement performance with corporate objectives. Whether it is based on the inspiration of the #1 procurement podcast hosted by Founder Philip Ideson, or through targeted advisory and content creation offerings, we guide our clients and brand partners on their journey to 10X the impact of procurement.