Overview

Based on more than two decades of experience in the field, HCLTech has broad and deep expertise in cost engineering. Our Product Cost Management Center of Excellence empowers stakeholders to analyze and optimize every cost contributor in the product/service lifecycle – from new product design, development and manufacturing to supplier negotiations, supply chain management and aftermarket care.

This whitepaper analyzes various methods of cost engineering, as well as their respective outcomes and benefits during the new product development (NPD) phase of the product lifecycle. We explore cost-based concept selection, manufacturing process and geography-based cost sensitivity analyses, supplier quotes vs. zero-based cost models comparisons and feature-based costing.