by Jerry Collins | Mar 8, 2023 | Uncategorized
Volume, volume, volume! I recently participated in an online discussion on LinkedIn as to the impact of volume on cost. To be honest, this is one of my favorites, although controversial topics. A LinkedIn user was listing all the typical cost drivers for a product,...
by Jerry Collins | Jul 25, 2022 | Uncategorized
How the false consensus effect eats up your profit We succumb to it in our private lives and at work. Whole departments and companies can fall into its clutches. The false consensus effect, discovered by Lee Ross and published with two colleagues in 1977, describes...
by Jerry Collins | Jun 2, 2022 | Uncategorized
Cost Engineering is often described as part science and part art. The science aspect is easily observed. We all understand the importance of collecting, normalizing, and analyzing historical data to support estimating a future program. We can all proficiently navigate...
by Jerry Collins | Dec 15, 2021 | Uncategorized
The Value of Precision Cost Estimating in Product Development Looking at the costs of a component or manufacturing process as early as the development phase helps uncover and utilize savings potential early on. A simple example makes this clear: the decision whether a...
by Jerry Collins | Jun 23, 2020 | Uncategorized
TAKT TIME / ACTUAL TAKT TIME – LEAN BEST PRACTICE AND LOWEST PART COST Today I’m opening a discussion about of 2 terms that come from the Lean lexicon: TAKT TIME, and ACTUAL TAKT TIME. Remember, “Lean” is the occidental word defining what it is basically the Toyota...
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