Early Product Management

Before starting to design the product, identify any specific issues concerning the factory-friendliness of current products, and build the solutions to these issues into the design of the new product.

The lower the sum of the cost of capital and the operating cost, the better. If the alternative proposal has a different output, the comparison is done using the cost per unit of output.

Identify sources of MP information Take stock of every potential source of MP information – old or new – and decide how useful it could be.For each information source, set up a system (e.g. MP data sheets) for gathering useful information in a usable format. Establish new information channels (primary…

(1) Effect on LCC at each step It is said that 80% of the LCC of products and equipment is determined at the design stage (see Figure “Effect on Life Cycle Cost at Each Development Step”). Effect on LCC at Each Development Step (2) Using concurrent engineering to reduce the…