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Manufacturing Cost Optimization

Ricardo has extensive experience of cost optimization initiatives including engines, transmissions, blowers, and specialist equipment such as solar concentrators. Our manufacturing engineers can review parts and compare them individually against our benchmark database in order to generate improvement ideas and recommendations.

Optimizing production costs: 

  • Cost estimation of parts from first principles to generate cost reduction ideas and assist with cost variance studies
  • Cost benchmarking comparisons of customer and competitor parts to provide an evaluation of best-in-class targets for optimization
  • Ricardo’s own cost database and estimation process can be used as well as proprietary cost estimation software

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