Whether launching a new product or expanding capabilities to accommodate our clients growing needs, meeting the target price is a significant barrier to earning new revenue streams and potential profits.

Sometimes we take on new business opportunities as a way to gain market share, deepen relationships or to gain an advantage over the competition. While these strategies for new business serve their purposes well, it remains essential not only to meet the target price, but also to be profitable at the target price.

Step One: Define Base Process

• Define base process
• Create value stream map
• Delineate sub-processes and assign cycle times to each
• Identify and document opportunities for improvement
• Present per product price and improvement opportunities

• Actual cycle times
• Yield reporting
• Constraint analysis
• Feasibility study
  -  Incorporate actual data to engineer design for manufacturability model
  -  Material & equipment suitability
  -  Yield and process time optimization

• Define new process
• Create new value stream map
• Delineate sub-processes and assign cycle times to each
• Identify and document opportunities for improvement
• Present per product price and improvement opportunities

• Actual cycle times
• Yield reporting
• Constraint analysis
• Feasibility study
  -  Incorporate actual data to engineer design for manufacturability model
  -  Material & equipment suitability
  -  Yield and process time optimization

Achieving Target Price With

Design and Process Improvement