Today, one of the most significant imperatives for the Global Automotive industry is not to merely benchmark – but to find ways to reduce cost. The OEMs and the supply base must find ways to eliminate waste relative to Cost, Mass, and Labor. The headwinds faced by the industry due to supply chain constraints and geopolitical events make cost reduction interventions urgent and important! This is where DeltaCosting™ plays a strategic and vital role. We have already saved Millions of Dollars for our customers by introducing cost reduction interventions using the DeltaCosting™ framework.
It’s all about putting Context and Purpose to data, and DeltaCosting does that. Here’s Terry Woychowski – Former Global VP of Quality and Vehicle Launches, GM explaining the principle of DeltaCosting – with an example.
Lets Talk
Are you looking for the most comprehensive vehicle teardown data? Sign up for our Iceberg 3.0 benchmarking platform and discover how we are empowering automotive engineers. Contact us now for more information.
Disclaimer:
The content provided on this blog is for informational purposes only and should not be construed as professional advice. While we strive to ensure the accuracy of the information presented, Caresoft Global makes no warranties, either express or implied, about the completeness, reliability, or accuracy of the content on this blog. Some information may be outdated, obsolete, or inaccurate, and we strongly recommend that you independently verify any information before relying on it. Any action you take based on the information provided on this blog is strictly at your own risk. Caresoft Global will not be liable for any losses or damages in connection with the use of our blog. Links to third-party websites are provided for convenience and informational purposes only; they do not constitute an endorsement or approval by Caresoft Global of any products, services, or opinions of the corporation, organization, or individual.