Engineers Reduce Costs

The event titled Engineers Reduce Costs is organized by the VDI Association of German Engineers and will take place at the Hotel NH Düsseldorf City in Düsseldorf, Germany. This seminar is designed to equip participants with practical methods for cost reduction in product development and engineering. The course will cover essential topics such as early cost estimation, systematic design towards cost targets, and the introduction of target-cost-oriented development and design processes. Attendees will learn how to identify and leverage key factors that influence product costs, enabling them to create and implement effective cost management strategies within their respective organizations.The seminar will include comprehensive workshops where participants will practice cost reduction techniques and discuss various design and organizational challenges. The course will delve into cost management methodologies, target-cost-oriented design, and tools such as value analysis and functional modeling that are crucial for managing costs effectively. Participants can expect to gain insights into key cost terms, various cost accounting methods, and practical examples from industry practices. They will also have the opportunity to collaborate in teams to analyze manufacturing costs, identify cost drivers, and develop alternative product concepts. Dr. Markus Mörtl, the Academic Director at the Technical University of Munich and an expert in cost management and product development, will lead the seminar. His extensive experience in process development and teaching will provide valuable perspectives to the attendees. This event is particularly beneficial for professionals involved in product planning, sales, purchasing, and quality assurance, and it encourages team participation to foster a collective approach to achieving target-cost-oriented design.