BOM Cost Reduction can deliver significant savings to clients, enabling them to improve sales and margins.
“Our product is too expensive!” – Who hasn’t heard this comment from sales teams?
Most companies at some point of time have been in the uncomfortable position of knowing that their product isn’t competitively priced for the marketplace.
And in many cases, the Bill of Materials is where the problem lies, since that is usually the single largest cost element in the product. Several factors may cause Bill of Materials’ cost inflation, such as:
Our Bill of Materials cost reduction service uses a multi-staged process that is defined based on the level of flexibility that each customer might be willing and able to implement.
Enventure does in-depth analysis of the BOM to identify cost reduction options, including: