SERVICES:
Cost Reduction

Before launching Venture Technologies, the company's three founders accumulated long experience developing low-cost products for large commercial markets. Thanks to this experience, we know how to select the appropriate technology for a project, source components strategically, and choose the right manufacturing strategy to deliver optimal unit cost.

We saved one Fortune 500 company millions of dollars by enhancing and cost-reducing an extensive product line. For another client, we reduced a product's unit cost from $50+ dollars to $18 dollars - a savings of 65%.

To control product unit costs, we consistently apply the following principles:

• Focus on unit cost from the start of the project.
• Clarify intended product volume and manufacturing strategy.
• Design the product using the best technology to meet product requirements.
• Select and source key components to meet product design goals
• Design based on volume and manufacturing strategy (e.g., offshoring) to meet cost and rollout goals.