Cost Value Analysis
Cost Value Analysis (CVA) is an effective way to reduce the costs of a business’ own products by evaluating all cost aspects of a product or service to determine if cost-improvement opportunities are available. In other words: Are individual material / components ...
Raw Material Increase
Raw Material Increase (RMI) allows the partners in a sourcing agreement to regularly review the “market cost” of a specific raw material, which is used in the manufacturing of the sourced component. RMI is a cost reduction process, which applies to ...
Cost Improvement
COST IMPROVEMENT is a long-term approach to improving the fundamental use of the organizations’ resources. As a is a continuous improvement activity, it includes cost reduction, cost savings, restructuring and business turnaround activities. COST IMPROVEMENT looks at the entire cost ...
