A leading supplier of critical components, locomotives, signaling, and logistics systems to the global rail industry. With best-in-class manufacturing facilities, unmatched digital expertise, always-on global services delivery, unrivaled product breadth, and performance, this ~$11B corporation is the rail industry’s one-stop-shop.
Customer wanted us to conduct Should Costing exercise of various hydraulic parts to reduce the cost to improve increased market share and competitiveness. The most important criteria was to achieve cost reduction without compromising on quality.
aPriori product cost management tool used to calculate the costing as per the internally defined process. Consulted and reviewed with in-house industry domain experts for detailed specifications for every part that was included in the scope.
Average Cost Savings ~ $550/parts without compromising on the quality of parts.
The base cost of all hydraulic parts were maintained and managed online post completion of the project.
Ability to manage the inventory of hydraulic parts more effectively through the online system